Q22: Which of the following is best described as: Assets = Liabilities + Equity | UPSC EPFO APFC 2026
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Which of the following is best described as: Assets = Liabilities + Equity

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Question ID #27070 UPSC UPSC EPFO APFC 2026 Mock Test Series UPSC EPFO APFC 2026 Full-Length Mock Test 6 Medium

Which of the following is best described as: Assets = Liabilities + Equity

Correct Answer: C. Accounting equation
The correct answer is Accounting equation. Assets = Liabilities + Equity

Which of the following is best described as: Assets = Liabilities + Equity - MCQ Explanation

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Correct answer: C. Accounting equation

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