Given: Capital ...........N1000 Liabilities........N500 Assets.............N1500 The accounting equation can be expressed as?
FINANCIAL
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
Correct Answer: C. N1000 + N500 = N1500
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