which one is the right equation?, owner’s equity = assets - liabilities, Assets = liabilities - owner’s equity, liabilities = owner’s equity +assets, Assets = liabilities + owner’s equity, which one is the definition of liabilities?, The owner’s claims on total assets / investment made in the business by the owner, The Obligations of the Company / Claims against the assets, Normal balance side for: Assets (A), Drawings (D), Expense (E), Anything the business can own and control, which one is the definition of debit ?, Normal balance by side for: Assets (A), Drawings (D), Expense (E), Normal balance by side for: Liabilities (L), Capital (C), Revenue (R), Results from sale of goods and performance of services, The cost paid to get service from the others / the cost of doing business(Decrease the Capital), which one is the definition of Assets?, The cost paid to get service from the others / the cost of doing business(Decrease the Capital), The Obligations of the Company / Claims against the assets, Normal balance side for: Liabilities (L), Capital (C), Revenue (R), Anything the business can own and control, which one is the definition of drawing’s?, owner may take (withdraw) cash out of the business for private use (Decrease the Capital), Results from sale of goods and performance of services, The cost paid to get service from the others / the cost of doing business, Normal balance side for: Liabilities (L), Capital (C), Revenue (R), which one is the definition of credit?, Normal balance side for: Liabilities (L), Capital (C), Revenue (R), Anything the business can own and control, The Obligations, The cost paid to get service from the others / the cost of doing business(Decrease the Capital), which one is the definition of expenses ?, Normal balance side for: Liabilities (L), Capital (C), Revenue (R), owner may take (withdraw) cash out of the business for private use (Decrease the Capital), The cost paid to get service from the others / the cost of doing business(, Anything the business can own and control, which one is the definition of owner’s equity?, The Obligations of the Company / Claims against the assets, Normal balance side for: Assets (A), Drawings (D), Expense (E), Normal balance side for: Liabilities (L), Capital (C), Revenue (R), The owner’s claims on total assets / investment made in the business by the owner

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