Search SchoolNGR

Sunday, 12 April 2026
Register . Login

The correct expression of accounting equation is

The correct expression of accounting equation is
Take Free Practice Test On 2026 JAMB UTME, Post UTME, WAEC SSCE, GCE, NECO SSCE
  • A Assets = Liabilities + Equity
  • B Net assets = Liabilities + Equity
  • C Assets + Liabilities = Equity
  • D Assets = Equity - liabilities
Correct Answer: Option A
Explanation:
The fundamental accounting equation is Asset = Capital + Liabilities
Asset = Liabilities + Equity the total assets of the company is generated through liabilities to outsiders that the company is still enjoying in addition with the equity by the owners of the business

Share question on: