Which of the following accounting equation is correct?

Assets + Capital = Liabilities

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Assets + Liabilities = Capital

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Assets + Liabilities + Capital = Nil

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None of the above

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Solution

The correct option is D None of the above
Accounting Equation is Total Assets = Liabilities + Capital

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Which of the following accounting equation is correct?

The correct option is D None of the aboveAccounting Equation is Total Assets = Liabilities + Capital

The correct option is D None of the above
Accounting Equation is Total Assets = Liabilities + Capital