Answer:
O The total of the assets is greater than the total of the liabilities.
Explanation:
Assets are valuables that a person or business owns. Liabilities are the debts that a business or individuals owe to others. As per the accounting equation formula, the total assets are equal to the total of liabilities and equity. It means that assets are financed by equity, which is the owners' contribution to the business and debts from third parties. Therefore, the total of assets should be greater than the components of liabilities.
