Which of the following is not a proper form of the accounting equation

Accounts - Principles of Accounts

JAMB 2015

A. fixed assets + current assets - liabilities = capital
B. fixed assests + current assests + liabilities = capital
C. fixed assets – liabilities + current assets = capital
D. fixed asset + current asset – capital = liabilities

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Correct Answer: Option B

Explanation

The simplest presentation of capital employed is total assets minus current liabilities. Sometimes, it is equal to all current equity plus interest-generating loans (non-current liabilities).

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Which of the following is not a proper form of the accounting equation

Correct Answer: Option B

Explanation

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