Which one of the following equation is correct? / » Fundamentals of Accounting solved MCQs / By admin Question: Which one of the following equation is correct? A. Owner’s Equity = Liability + Asset B. Owner’s Equity = Asset – Liability C. Liability = Owner’s Equity + Asset D. Asset = Owner’s Equity + Liability Answer» b. Owner’s Equity = Asset – Liability Note: The above multiple-choice question is for all general and Competitive Exams in India.
