MCQOPTIONS
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| 1. |
What is the basic accounting equation? |
| A. | Assets = liability + owner’s equity |
| B. | Liability = assets + owners’ equity |
| C. | Owner’s equity = assets + liability |
| D. | Owner’s equity = liability – assets |
| Answer» B. Liability = assets + owners‚Äö√Ñ√¥ equity | |