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

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

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

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Take Free Practice Test On 2026 JAMB UTME, Post UTME, WAEC SSCE, GCE, NECO SSCE

A Assets + Liability = Equity
B Assets + Equity = Liabilities
C Liabilities + Equity = Asset
D Liabilities + Equity = Net assets

Correct Answer: Option C

Explanation:
Liabilities + Equity = Asset is given as the fundamental equation

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