Gce Model Questions Vol1 2017 Financial Accounting Question 5

Practice objective / multiple choice question 5 from the 2017 Gce Model Questions Vol1 Financial Accounting examination.

Gce Model Questions Vol1 2017 Financial Accounting Objective / Multiple Choice Easy Difficulty
Question 5 GCE_MODEL_QUESTIONS_VOL1 • 2017 • FINANCIAL_ACCOUNTING • objective

What is the fundamental accounting equation?

Answer Options

A. Liabilities = Assets + Equity
B. Equity = Assets - Liabilities
C. Assets + Liabilities = Equity
Correct Answer D. Assets = Liabilities + Equity
Correct Answer
D
Correct Option:
Assets = Liabilities + Equity

About This Question

This is Gce Model Questions Vol1 2017 Financial Accounting Question 5. It is one of the objective questions from the 2017 Gce Model Questions Vol1 Financial Accounting examination.

Difficulty level: Easy .

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