CA Foundation Accounting Equation — practice questions

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Accounting Equation questions and exercises with answers

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The accounting equation isRead the answer and worked solution →

Worked practice questions

The accounting equation is

Assets = Capital − Liabilities
Capital = Assets + Liabilities
Assets = Liabilities + Capital
Assets = Liabilities − Capital

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Correct answer: C. Assets = Liabilities + Capital

The fundamental accounting equation: Assets = Liabilities + Capital (Owner's Equity).

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