(A) Asset=Expense +Income (X)
(B) Assets=Cash+Capital (X)
(C) Assets=Capital+Liabilities ()
(D) Assets=Expenses+Capital (X)
Answers: The Basic accounting equation is Assets=Capital+Liabilities.
(A) Asset=Expense +Income (X)
(B) Assets=Cash+Capital (X)
(C) Assets=Capital+Liabilities ()
(D) Assets=Expenses+Capital (X)
Answers: The Basic accounting equation is Assets=Capital+Liabilities.
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