accounting equation

Assets = Liabilities + Owner's Equity
Assets - 100,000
Liabilities- 25,000
Owner's Equity- ?

• 125,000
• 75,000
• 25,000
• 100,000

Assets = Liabilities + Owner's Equity
Assets - 200,000
Liabilities- ?
Owner's Equity- 90,000

• 200,000
• 290,000
• 110,000
• 90,000

Assets = Liabilities + Owner's Equity
Assets - ?
Liabilities- 25,000
Owner's Equity- 100,000

• 125,000
• 75,000
• 25,000
• 100,000

An amount owed by a business

• Liability
• Asset
• Owner's equity
• Revenue

The amount remaining after the value of all liabilities is subtracted from the value of all assets

• Owner's equity
• Equities
• Liability
• Assets

Shows the relationship among assets, liabilities, and owners equity. It is most often stated as: Assets = Liabilities + Owners Equity

• Accounting equation
• Accounting Records
• Accounting statements
• Accounting Net Loss

A business activity that changes assets, liabilities, or owners equity

• Transaction
• Account balance
• inventory
• income

If the owner invests his/her own money in business...

• assets increase and owner's equity increases
• assets increase and liabilities increase
• assets decrease and owner's equity decreases

The accounting equation is

• Assets = Liabilities + Owner's Equity
• Assets = Liabilities - Owner's Equity
• Assets - Owner's Equity + Liability

The Accounting Equation must always be in balance? 

• True
• False