Which one of the following equations correctly expresses the relationship * ?between assets (A), liabilities (L), revenues (R), expenses (E) and capital (C) A = C +L+ (R-E) O A = C - (R - E) + L O A = L+R+E+c O A = (L - C) + (R - E) O

Which one of the following equations correctly expresses the relationship * ?between assets (A), liabilities (L), revenues (R), expenses (E) and capital (C) A = C +L+ (R-E) O A = C - (R - E) + L O A = L+R+E+c O A = (L - C) + (R - E) O

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter3: Analyzing And Recording Transactions

Section: Chapter Questions

Problem 2EA: Consider the following accounts, and determine if the account is an asset (A), a liability (L), or...

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Question

Financial Accounting ‏

Which one of the following equations correctly expresses the relationship
?between assets (A), liabilities (L), revenues (R), expenses (E) and capital (C)
A = C +L+ (R-E) O
A = C- (R - E) + LO
A = L+R+E+ c O
A = (L - C) + (R - E) O

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