in the accounting equation, assets are equal to which two things? a. debits + equity b. debits + accounts c…

in the accounting equation, assets are equal to which two things? a. debits + equity b. debits + accounts c. liabilities + equity d. liabilities + accounts please select the best answer from the choices provided

in the accounting equation, assets are equal to which two things? a. debits + equity b. debits + accounts c. liabilities + equity d. liabilities + accounts please select the best answer from the choices provided

Answer

Brief Explanations:

The accounting equation is Assets = Liabilities + Equity. It represents the relationship between a company's resources (assets) and the claims against those resources (liabilities and equity). Debits are an accounting entry and accounts is a general term not part of the fundamental accounting - equation components for what assets equal to.

Answer:

C. Liabilities + equity