An acceptable variation of the accounting equation is:

A) Assets - Owner's Equity = Liabilities.
B) Revenues = Profit - Expenses.
C) Assets = Liabilities - Owner's Equity.
D) All of these answers are correct.

Accounting Equation

The fundamental equation that represents the relationship between assets, liabilities, and owner's equity (Assets = Liabilities + Owner's Equity).

Owner's Equity

The residual interest in the assets of a company after deducting its liabilities; also known as shareholders' equity.

Liabilities

Financial obligations owed by a business to others, such as loans, accounts payable, and mortgages.