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Homework answers / question archive / What is the formula accountants use to create a Balance sheet? A) Assets = Liabilities - Owners' equity B) Assets = Liabilities + Owners' equity C) Assets = Liabilities ÷ Owners' equity D) Assets = Liabilities × Owners' equity

What is the formula accountants use to create a Balance sheet? A) Assets = Liabilities - Owners' equity B) Assets = Liabilities + Owners' equity C) Assets = Liabilities ÷ Owners' equity D) Assets = Liabilities × Owners' equity

Accounting

What is the formula accountants use to create a Balance sheet?

A) Assets = Liabilities - Owners' equity

B) Assets = Liabilities + Owners' equity

C) Assets = Liabilities ÷ Owners' equity

D) Assets = Liabilities × Owners' equity

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The correct answer is option B) Assets = Liabilities + Owners' equity.

The basic accounting equation is that all assets are equal to the sum of total liabilities less the sum of all items in the equity section. This equation is presented in the balance sheet.

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