About the exam in chapter two third question
The correct answer says that
Equity = Assets + Liabilties
But in the course it says
Assets = Equity + Liabilties
Now I am confused, which answer is correct ?
Equity = Assets + Liabilties
But in the course it says
Assets = Equity + Liabilties
Now I am confused, which answer is correct ?
1 answers ( 0 marked as helpful)
Super learner
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Hey Nariman:
The question asks which of the given equations is incorrect. The explanation points out that "Equity = Assets + Liabilties" is the correct answer BECAUSE it is an incorrect equation.
The question asks which of the given equations is incorrect. The explanation points out that "Equity = Assets + Liabilties" is the correct answer BECAUSE it is an incorrect equation.