Accounting JAMB

The accounting equation can be expressed as?

Given:

Capital ………..N1000
Liabilities……..N500
Assets………….N1500

A. N1000 + N500 + N1500 = N3000
B. N1000 – N500 + N1500 = N2000
C. N1000 + N500 = N1500
D. N1500 + N500 = N2000

Correct Answer:

Option C – N1000 + N500 = N1500

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5 years ago

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