Question on: JAMB Accounting - 2017
The principle of double entry developed from the axioms of accounting equation is given as
A
Assets + Liability = Equity
B
Assets + Equity = Liabilities
C
Liabilities + Equity = Asset
D
Liabilities + Equity = Net assets
Ask EduPadi AI for a detailed answer
Correct Option: C
Liabilities + Equity = Asset is given as the fundamental equation
Add your answer
Please share this, thanks!
No responses