A basic unifying concept in accounting implies that?

  • A where creditors'account is zero, the assets are equal to the owners' equity
  • B there should be a balance in the creditors' account in order to measure total assets
  • C revenues should be supported by invested and owners'capital
  • D total assets can be less than liabilities and equity

The correct answer is A. where creditors'account is zero, the assets are equal to the owners' equity

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