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    Question

    Which one of the following equations correctly expresses

    the relationship between assets (A), liabilities (L), revenues (R), expenses (E) and capital (C)?
    A A = L + R + E + C Correct Answer Incorrect Answer
    B A = C + L + (R-E) Correct Answer Incorrect Answer
    C A = C - (R - E) + L Correct Answer Incorrect Answer
    D A = (L - C) + (R - E) Correct Answer Incorrect Answer

    Solution

    The correct answer is B

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