ccounting equation under IFRS is as follows: (a) Assets = Liabilities + Owner's Capital + Owner's Drawings + Revenues - Expenses. (b) Assets + Liabilities = Owner's Capital + Owner's Drawings + Revenues - Expenses. (c) Assets = Liabilities + Owner's Capita

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The expanded accounting equation under IFRS is as follows:

(a) Assets = Liabilities + Owner's Capital + Owner's Drawings + Revenues - Expenses.

(b) Assets + Liabilities = Owner's Capital + Owner's Drawings + Revenues - Expenses.

(c) Assets = Liabilities + Owner's Capital - Owner's Drawings + Revenues - Expenses.

(d) Assets = Liabilities + Owner's Capital + Owner's Drawings - Revenues - Expenses.

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