Question on: JAMB Accounting - 2024
The basic accounting equation is:
A
Assets Liabilities = Owner's Equity
B
Assets + Expenses = Liabilities + Equity
C
Assets + Liabilities = Owner's Equity
D
Revenue - Expenses = Profit
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Correct Option: C
The basic accounting equation is:
Assets = Liabilities + Owner's Equity
None of the provided options correctly states this equation.
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