The correct expression of accounting equation is

Accounts - Principles of Accounts JAMB 2017

The correct expression of accounting equation is

  • Assets = Liabilities + Equity checkmark
  • Net assets = Liabilities + Equity
  • Assets + Liabilities = Equity
  • Assets = Equity - liabilities

The correct answer is: A

Explanation

The fundamental accounting equation is Asset = Capital + Liabilities
Asset = Liabilities + Equity the total assets of the company is generated through liabilities to outsiders that the company is still enjoying in addition with the equity by the owners of the business
Previous Question Next Question

Leave A Comment