Which one of the following equation is correct?

by
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.