Given: Capital ………..N1000 Liabilities……..N500 Assets………….N1500 The accounting equation can be expressed as?

Accounts - Principles of Accounts JAMB 2003

Given:

Capital ………..N1000
Liabilities……..N500
Assets………….N1500
The accounting equation can be expressed as?

  • N1000 + N500 + N1500 = N3000
  • N1000 - N500 + N1500 = N2000
  • N1000 + N500 = N1500 checkmark
  • N1500 + N500 = N2000

The correct answer is: C

Explanation

No official explanation is available for this question at this time. Please check contributions posted by others below. If you can provide an explanation to help other student learn.
Previous Question Next Question

Leave A Comment