Gce Model Questions Vol1 2022 Financial Accounting Question 42

Practice objective / multiple choice question 42 from the 2022 Gce Model Questions Vol1 Financial Accounting examination.

Gce Model Questions Vol1 2022 Financial Accounting Objective / Multiple Choice Easy Difficulty
Question 42 GCE_MODEL_QUESTIONS_VOL1 • 2022 • FINANCIAL_ACCOUNTING • objective

Write the fundamental accounting equation.

Answer Options

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

About This Question

This is Gce Model Questions Vol1 2022 Financial Accounting Question 42. It is one of the objective questions from the 2022 Gce Model Questions Vol1 Financial Accounting examination.

Difficulty level: Easy .

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