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Accounting Principle

Quiz by Batool Mirza

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Q 1/5
Score 0
what is the accounting Equation ??
29
Assets=liabilities +Owner Equity
Assets=liabilities _Owner Equity
Owner Equity= liabilities +Assets
liabilities=Assets+Owner Equity

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5 questions

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Q1
what is the accounting Equation ??
Assets=liabilities +Owner Equity
Assets=liabilities _Owner Equity
Owner Equity= liabilities +Assets
liabilities=Assets+Owner Equity
30s
Q2
Account Receivable is classified as
Assets
Expense
Revenue
Liabilities
30s
Q3
Rent received is classified as
Liabilities
Asset
Revenue
Expense
30s
Q4
if total Assets is BD5000,liabilities BD 2000 the owner Equity will be
BD100000
BD7000
BD5000
BD3000
30s
Q5
The normal balance of loan is
Liabilites
DR
CR
30s

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