Accounting Principle
Quiz by Batool Mirza
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5 questions
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- Q1what is the accounting Equation ??Assets=liabilities +Owner EquityAssets=liabilities _Owner EquityOwner Equity= liabilities +Assetsliabilities=Assets+Owner Equity30sEditDelete
- Q2Account Receivable is classified asAssetsExpenseRevenueLiabilities30sEditDelete
- Q3Rent received is classified asLiabilitiesAssetRevenueExpense30sEditDelete
- Q4if total Assets is BD5000,liabilities BD 2000 the owner Equity will beBD100000BD7000BD5000BD300030sEditDelete
- Q5The normal balance of loan isLiabilitesDRCR30sEditDelete