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Kaplan Kit Q. No. 42

Forums › ACCA Forums › ACCA FA Financial Accounting Forums › Kaplan Kit Q. No. 42

  • This topic has 0 replies, 1 voice, and was last updated 4 years ago by ncell.
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  • June 12, 2021 at 2:24 am #624859
    ncell
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    • Topics: 27
    • Replies: 4
    • ☆

    The following statements about the accounting equation true or false?

    Business assets will always exceed business liabilities

    Correct Answer in the book: FALSE

    Doubt:
    Asset = Capital + Liabilities ; this means “Business assets will always exceed business liabilities”. So, I think answer in the book is wrong.

    Please kindly explain sir.

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