Which of the following is known as the accounting equation? A. assets = liability + owner’s equity B. profit =

Question

Which of the following is known as the accounting equation?

A. assets = liability + owner’s equity

B. profit = revenue – total expenses

C. return on investment = net income  owner’s equity

D. gross profit margin = gross profit  net sales

Answer 1

"A". is the right answer

Answer 2

A