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Solution (a) Assets – Receivable = Equity (b) Assets + Receivable = Equity (c) Assets – Liabilities = Equity (d) Assets + Liabilities = Equity Answer: (c) Assets – Liabilities = Equity The correct form of accounting equation is Assets – Liabilities = Equity. It can also be written as Assets = Liabilities + Equity. This equation is also known as the balance sheet equation. Also read: Stay connected with BYJU’S for more such questions and answers on various commerce topics.
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