Question

What is the equation to ensure that a balance sheet is correct?(1 point)
Responses

Assets = Liabilities + Equity
Assets = Liabilities + Equity

Accounts Payable = Long-term Debt + Earnings
Accounts Payable = Long-term Debt + Earnings

Assets = Liabilities – Equity
Assets = Liabilities – Equity

Accounts Payable = Liabilities + Equity
Accounts Payable = Liabilities + Equity

Answer 1

The correct equation to ensure that a balance sheet is correct is:

**Assets = Liabilities + Equity**