Discussion :: Tally
- Which of the following equation is true for balance sheet
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A.
Assets = Liabilities +Capital |
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B.
Liabilities = Assets + Capital |
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C.
Capital = Assets + Liabilities |
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D.
All of these |
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Answer : Option D
Explanation :
The balance sheet displays the company’s total assets, and how these assets are financed, through either debt or equity. It can also be referred to as a statement of net worth, or a statement of financial position. The balance sheet is based on the fundamental equation: Assets = Liabilities + Equity(Capital).
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