Which of the following equations is the fundamental accounting ...

[vicotolentino]

Which of the following equations is the fundamental accounting equation?
 a. Assets  Liabilities = Owner's Equity
  b. Assets = Liabilities + Owner's Equity
  c. Assets + Liabilities = Owner's Equity
  d. Assets  Owner's Equity = Liabilities
  e. Assets + Owner's Equity = Liabilities

Question 2

Amounts owed by a business are referred to as
 a. assets.
  b. equities.
  c. liabilities.
  d. capital.
  e. expenses.

[chevyboi1976]

Answer to Question 1

B

Answer to Question 2

C

[vicotolentino]

Thank you

[chevyboi1976]

Happy to help you