The basic accounting equation is:

Asset = Expense + Income

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Assets = Cash + Capital

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Assets = Capital + Liabilities

Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses

Assets = Expenses + Capital

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Open in App

Solution

The correct option is C
Assets = Capital + Liabilities

Assets = Capital + Liabilities.

Suggest Corrections

Similar questions

Classify the above mentioned accounts (in Question 1.IA) into Asset, Liability, Capital, Revenue and Expenses.

Join BYJU'S Learning Program