intro to bus 2 chapter 15 understanding accounting and fin sys: the relationship that should reflect a firm's financial position at any time: assets should always equal the sum of liabilities and owners equity
assets = liabilities + owners equity

Question

the relationship that should reflect a firm's financial position at any time: assets should always equal the sum of liabilities and owners equity 
assets = liabilities  + owners equity

Kai Pineau · Accepted Answer

accounting equation

intro to bus 2 chapter 15 understanding accounting and fin sys

The relationship that should reflect a firm's financial position at any time: assets should always equal the sum of liabilities and owners equity assets = liabilities + owners equity

Accounting equation

Author