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
jamb 2003accounting

The correct answer is C. N1000 + N500 = N1500

No explanation given
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