Which financial statement represents the a ccounting equation as – Assets = Liabilities +Owner’s equity?

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Question:

Which financial statement represents the a ccounting equation as – Assets = Liabilities +Owner’s equity?

A.

Income Statement

B.

Statement of Cash Flows

C.

Balance Sheet

D.

Either (A) or (B)

Answer» c. Balance Sheet

Note: The above multiple-choice question is for all general and Competitive Exams in India. 

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» Fundamentals of Accounting solved MCQs