The principle of double entry developed from the axioms of accounting equation is given as

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Accounts - Principles of Accounts JAMB 2017

The principle of double entry developed from the axioms of accounting equation is given as

  • Assets + Liability = Equity
  • Assets + Equity = Liabilities
  • Liabilities + Equity = Asset checkmark
  • Liabilities + Equity = Net assets

The correct answer is: C

Explanation

Liabilities + Equity = Asset is given as the fundamental equation
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