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WAEC Accounting 2017 Objective — Question 9

Question 9 of 50 from the West African Examinations Council (WAEC) Accounting 2017 Objective paper, with the correct answer and a full explanation.

9. The balance sheet equation shows

A. A. current assets minus current liabilities
B. B. the difference between fixed assets and current liabilities
C. C. assets and sources of financing themCorrect
D. D. sources of funding owner's equity

Explanation

The balance sheet displays assets of the company and sources of financing the asset.

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