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Question

According to accounting equation, the value of assets in a business is always equal to the sum of the value of ___.

A
Capital only
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B
Assets, Liabilities & Capital
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C
Liabilities only
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D
Liabilities & Capital
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Solution

The correct option is D Liabilities & Capital
According to accounting equation, the value of assets in a business is always equal to the sum of the value of liabilities and capital introduced by the owner into the business.

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