Question 1

Which of the following is the basis accounting equation?

  • A.assets = capital + liabilities
  • B.capital = assets + liabilities
  • C.liabilities = assets + capital
  • D.assets = liabilities + equity
Objective

Question details

Exam body
WAEC
Subject
Accounts - principles of accounts
Year
2008
Question no.
#1
Type
Objective

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