The principle of double entry developed from the axioms o...
The principle of double entry developed from the axioms of accounting equation is given as
Assets + Liability = Equity
Assets + Equity = Liabilities
Liabilities + Equity = Asset
Liabilities + Equity = Net assets
Correct answer is C
Liabilities + Equity = Asset is given as the fundamental equation
NAFARA AND SONS Balance Sheet items as at 31st December, 1987. Capital N74480 Creditors N15875 ...
Benefit enjoyed for which payments have not been made are? ...
In converting a to a partnership company, the loss on asset revaluation is? ...
Which of the following is recorded in the folio column of the journal? ...
The transaction that completes its double entry in the same ledger account appears in ...
An underwriter for a company's share is paid ...
An agreement made by partners to regulate and govern their business activities is known as ...
The double entry to record the good will in the books is debit ...