An alternative form of the accounting equation is:_______.
A) Net Income = Revenues − Expenses.
B) Stockholders' Equity = Assets + Liabilities.
C) Assets = Liabilities − Stockholders' Equity.

The principle of double entry booking rests upon the accounting equation. the accounting equation states that (where correct and accurate accounting books are kept), the total asset of a corporation must equal the addition of the corporation's total liabilities and Stockholders' equity.

The following is the basic formula for accounting equation

Assets = Liabilities + Stockholders' equity

Rearranging the above basic equation, we have the alternative form of the accounting equation.

Assets = Liabilities + Stockholders' equity

Subtract Stockholders' equity from both sides of the equation

Assets - Stockholders' equity = Liabilities + Stockholders' equity -

Stockholders' equity

Assets - Liabilities = Stockholders' equity

An alternative form of the accounting equation is:_______. A) Net Income = Revenues − Expenses. B) Stockholders' Equity = Assets + Liabilities. C) Assets = Liabilities − Stockholders' Equity.

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An alternative form of the accounting equation is:_______.
A) Net Income = Revenues − Expenses.
B) Stockholders' Equity = Assets + Liabilities.
C) Assets = Liabilities − Stockholders' Equity.