A basic unifying concept in accounting implies that?
Question
A basic unifying concept in accounting implies that?Options
A)
where creditors'account is zero, the assets are equal to the owners' equity
B)
there should be a balance in the creditors' account in order to measure total assets
C)
revenues should be supported by invested and owners'capital
D)
total assets can be less than liabilities and equity
The correct answer is A.
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