Home » Accounts (Principles of Accounts) » The accounting equation isThe accounting equation is The accounting equation is A. Capital less current assets amounts to Liabilities B. assets less liabilities amount to capital C. fixed assets and current Liabilities amount to capital D. capital assets amount t liabilities Correct Answer: Option B Explanation Related Posts The accounting principle that states that, In the preparation of account statements, revenues are recognized… In a partnership business, the net profit serves as opening figure for When a shareholder fails to pay the calls requested from him, this situation leads to Use the information below to answer question . Statement of assets and liabilities as at… Which of the following is used to derive missing figures in a system of incomplete… Yahya,s bank account shows a credit balance of N1500,000. He paid N1700,000 into the bank….
The accounting principle that states that, In the preparation of account statements, revenues are recognized…
