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O-LevelAccountingThe fundamentals of accounting7707/11 · May/June 2010 · Q21 Mark

What is the accounting equation?

Aassets + liabilities = capital
Bassets - liabilities = capital
Ccapital + assets = liabilities
Dcapital - assets = liabilities

✓ Correct answer

B: assets - liabilities = capital

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About this question

Topic
The fundamentals of accounting, O-Level Accounting (syllabus 7707). Multiple choice, 1 mark.
Source
O-Level Accounting, May/June 2010 Paper 1 Variant 1, question 2.

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