assets = ______ + owners equity\nnet profit\nliabilities
assets = ______ + owners equity\nnet profit\nliabilities
Answer
Brief Explanations:
In accounting, the basic accounting equation is Assets = Liabilities + Owner's Equity. It represents the relationship between a company's resources (assets), debts (liabilities), and the owner's stake (equity). Net profit is not part of this fundamental equation.
Answer:
Liabilities