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  4. JAMB 2003
  5. Given: Capital .....

Given: Capital ...........N1000 Liabilities........N500 Assets.............N1500 The accounting equation can be expressed as?

Accounts - Principles of Accounts
JAMB 2003
Given:

Capital ...........N1000
Liabilities........N500
Assets.............N1500
The accounting equation can be expressed as?
  • A. N1000 + N500 + N1500 = N3000
  • B. N1000 - N500 + N1500 = N2000
  • C. N1000 + N500 = N1500
  • D. N1500 + N500 = N2000
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Correct Answer: Option C
Explanation
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WAEC and NECO CBT Software for Computers and Laptops - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
Post UTME Past Questions Agent
WAEC and NECO CBT App for Mobile Devices - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
WAEC and NECO CBT Software for Computers and Laptops - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
Post UTME Past Questions Agent
WAEC and NECO CBT App for Mobile Devices - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts