Practicing Success
Practicing Success
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Identify the group that represents grouping of accounts based on classification of data point of view : |
Asset, Liabilities and Capital Asset, Owners Equity, Revenue and Expenses Asset, Liabilities, Capital, Revenue and Expenses Asset, Liabilities, Revenue and Expenses |
Asset, Liabilities, Capital, Revenue and Expenses |
The correct answer is Option (3) - Asset, Liabilities, Capital, Revenue and Expenses. Assets = Liabilities + Capital + (Revenues – Expenses) |
