Basic Accounting Equation
Quiz by Hindmohammed
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6 questions
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- Q1(Assets)90,000 = (Liabilities ) 25,000 + ( Owner’s Equity) ???77,00056,00060,00065,00045s
- Q2Furniture classify as ?LiabilitiesOwner’s EquityDrawingAssets45s
- Q3The amounts earned by the business from activities?ExpensesLiabilitiesRevenueDrawing45s
- Q4If total assets is BD 120,000 , total liabilities is BD 45000 the amount of owner’s equity is ???57,000165,00075,00045,00060s
- Q5Commission income classify as ?LiabilitiesAssetsRevenueExpense60s
- Q6(Owner’s equity)9,000 + (Liabilities ) 3,000 = ( Assets) ???12,0006,0007,00013,00060s