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

Accounts - Principles of Accounts
JAMB 2017
The principle of double entry developed from the axioms of accounting equation is given as
  • A. Assets + Liability = Equity
  • B. Assets + Equity = Liabilities
  • C. Liabilities + Equity = Asset
  • D. Liabilities + Equity = Net assets
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Correct Answer: Option C
Explanation
Liabilities + Equity = Asset is given as the fundamental equation
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