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maria [59]
3 years ago
5

Which of the statements below is​ TRUE?A.Accounting Identity​ is: Assets equivalentLiabilities minus​Owners' Equity.B.Accounting

Identity​ is: Assets equivalent​Owners' Equity minusLiabilities.C.Accounting Identity​ is: Assets equivalentLiabilities​ + Owners' Equity.D.Accounting Identity​ is: Liabilities equivalentAssets​ + Owners' Equity.
Business
1 answer:
jeka57 [31]3 years ago
8 0

Answer:

C.Accounting Identity​ is: Assets equivalentLiabilities​ + Owners' Equity.

Explanation:

In accounting identity all variables must balance, if they do not balance according to the equation then there must be an error in formulation, measurement or calculation.

The basic assumption in accounting identity is that the balance sheet must balance. That is assets must be equal to a sum of liabilities and owner's equity.

Asset= Liabilities+ Owners Equity.

This relationship is based on the convention of double entry, for every debit there is an equal credit.

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On September 30, 2016, Athens Software began developing a software program to shield personal computers from malware and spyware
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Answer:

Check the explanation

Explanation:

1. Record the journals as shone, below:

Date       Accounts title & explanation             Debit (S)             Credit(S) 2016     Research and development expense    2,200,000                                 `                               Cash                                             2,200,000  

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6 0
3 years ago
What is the setting of the story? “ Muffin Dragon”
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Answer:

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Explanation:

Hope this Helps!

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2 years ago
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Answer:

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