Neco 2025 Financial Accounting Question 45

Practice objective / multiple choice question 45 from the 2025 Neco Financial Accounting examination.

Neco 2025 Financial Accounting Objective / Multiple Choice Easy Difficulty
Question 45 NECO • 2025 • FINANCIAL_ACCOUNTING • objective

State the fundamental accounting equation that must always hold for a sole proprietorship.

Answer Options

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

About This Question

This is Neco 2025 Financial Accounting Question 45. It is one of the objective questions from the 2025 Neco Financial Accounting examination.

Difficulty level: Easy .

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