Question 4
Which of the following is the correct fundamental accounting equation?
Liabilities = Assets + Equity
Assets + Liabilities = Equity
Equity = Liabilities - Assets
Assets = Liabilities + Equity
Question 4: Which of the following is the correct fundamental account…
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Correct answer
Assets = Liabilities + Equity
Question 4 of 24 in the IIT Madras BS Business Data Management (BDM) Quiz 2 paper sat on 16 Aug 2026, in the May 2026 term (Business Data Management 14 Aug 26). It carries 1 mark.
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