RAHUL KUMAR TAANK (CS PURSUING ) (672 Points)
21 October 2010
Dear All,
Which of these equations is correct?
1. Assets = capital – liabilities
2. Assets = capital + liabilities
3. Assets = liabilities – capital
4. Assets = capital + owners equity
Ans:-
RAMESH KUMAR VERMA
( CS PURSUING )
(43853 Points)
Replied 21 October 2010
TOTAL OF ASSETS MUST BE EQUAL TO THE TOTAL OF ALL LIABILITES(INCLUDING CAPITAL)
HENCE , ASSETS = LIABILITES +CAPITAL , THE FUNDAMENTAL ACCOUNTING EQUATION ALWAYS HOLD TRUE.
R. VERMA
Prateek
(M.Com. CWA- Final)
(237 Points)
Replied 26 October 2010
| Originally posted by : RAMESH KUMAR VERMA | ||
 |
TOTAL OF ASSETS MUST BE EQUAL TO THE TOTAL OF ALL LIABILITES(INCLUDING CAPITAL) HENCE , ASSETS = LIABILITES +CAPITAL , THE FUNDAMENTAL ACCOUNTING EQUATION ALWAYS HOLD TRUE. R. VERMA |
 |
I m Agree with Mr. Ramesh.
RAHUL KUMAR TAANK
(CS PURSUING )
(672 Points)
Replied 28 October 2010
THANKS TO ALL OF YOU FOR CLARIFICATION .
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