The principle of double entry developed from the axioms of accounting equation is given as

The principle of double entry developed from the axioms of accounting equation is given as
  • A.
    Assets + Liability = Equity
  • B.
    Assets + Equity = Liabilities
  • C.
    Liabilities + Equity = Asset
  • D.
    Liabilities + Equity = Net assets
Correct Answer: Option C
Explanation

Liabilities + Equity = Asset is given as the fundamental equation

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