Which of the following is an incorrect depiction of the accounting equation? O Assets - Equity Liabilities O Assets - Liabilities = Equity O Assets + Equity = Liabilities O Assets = Liabilities + Equity %3! %3D %3D

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Which of the following is an incorrect depiction of the accounting equation?
O Assets - Equity = Liabilities
O Assets - Liabilities = Equity
O Assets + Equity = Liabilities
O Assets = Liabilities + Equity
Transcribed Image Text:Which of the following is an incorrect depiction of the accounting equation? O Assets - Equity = Liabilities O Assets - Liabilities = Equity O Assets + Equity = Liabilities O Assets = Liabilities + Equity
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