MTTC Business, Management, Marketing, And Technology (098) Practice Questions - MTTC Business, Management, Marketing, And Technology (098) Test Exam

Which equation correctly states the fundamental accounting equation that must always remain in balance?

Assets = Liabilities + Owner's Equity Assets + Liabilities = Owner's Equity Assets = Liabilities - Owner's Equity Revenue = Assets + Expenses

Correct Answer:

Assets = Liabilities + Owner's Equity

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