Which of these equations is correct?
This query is : Resolved
21 October 2010
Dear experts,
Which of these equations is correct?
1. Assets = capital – liabilities
2. Assets = capital + liabilities
3. Assets = liabilities – capital
4. Assets = capital + owners equity
Ans:-
Which of these equations is correct?
1. Assets = capital – liabilities
2. Assets = capital + liabilities
3. Assets = liabilities – capital
4. Assets = capital + owners equity
Ans:-
21 October 2010
assets = capital + liabilities
21 October 2010
TOTAL OF ASSETS MUST BE EQUAL TO THE TOTAL OF ALL LIABILITIES(INCLUDING CAPITAL)
HENCE , ASSETS = LIABILITIES +CAPITAL , THE FUNDAMENTAL ACCOUNTING EQUATION ALWAYS HOLD TRUE.
R. VERMA
HENCE , ASSETS = LIABILITIES +CAPITAL , THE FUNDAMENTAL ACCOUNTING EQUATION ALWAYS HOLD TRUE.
R. VERMA
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Is this income indian or foreign income?
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- GST on export of services and Input Credit
- ITC temporary reversal and reclaim
- Applicable TDS rate for sale of property in Nov 2024
- Inventory of finished goods
- Confusion around Form 26QB fields
- Quiery in relation to GST liability in case of an advocate who has obtained GST registration.
- Tds on building rent monthly
- Should I report my US salary for January, February, March in Schedule FA?
- BUYING PROPERTY COULD NOT FILE 26QB
- Gst input for FY 23-24
- Regarding Waiver of Interest levied u/s 50 of PGST/CGST Act
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
Trending Online Classes
CAclubindia
