Which of the following statements is TRUE? Assets = Liabilities - Capital, Assets = Capital + Liabilities,Capital = Assets - Liabilities, None of these

مندرجہ ذیل میں سے کون سا بیان سچ ہے؟
Answer: Assets = Capital + Liabilities
Explanation
  • Assets = Capital + Liabilities equation represents the Accounting Equation, which states that a company's assets are financed by either owners' equity (capital) or liabilities.
  • It ensures the financial position remains balanced, forming the foundation of double-entry bookkeeping.
  • This question appeared in Past Papers (2 times)
    Senior Auditor Past Papers and Syllabus (2 times)
    This question appeared in Subjects (1 times)
    ACCOUNTING (1 times)

    Install this app on your device for quick access right from your home screen.