In financial accounting of a chemical plant, which of the following relationship is invalid? (A) Assets = equities (B) Assets = liabilities + net worth (C) Total income = costs + profits (D) Assets = capital

In financial accounting of a chemical plant, which of the following relationship is invalid?
(A) Assets = equities
(B) Assets = liabilities + net worth
(C) Total income = costs + profits
(D) Assets = capital
by

1 Answer

Answer :

(D) Assets = capital
by

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