Q. Which one of the following equation is correct? (Solved)
1. Owner’s Equity = Liability + Asset
2. Owner’s Equity = Asset - Liability
3. Liability = Owner’s Equity + Asset
4. Asset = Owner’s Equity + Liability
- b. Owner’s Equity = Asset - Liability
1. Owner’s Equity = Liability + Asset
2. Owner’s Equity = Asset - Liability
3. Liability = Owner’s Equity + Asset
4. Asset = Owner’s Equity + Liability