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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) ???
    Question Image
    77,000
    56,000
    60,000
    65,000
    45s
  • Q2
    Furniture classify as ?
    Question Image
    Liabilities
    Owner’s Equity
    Drawing
    Assets
    45s
  • Q3
    The amounts earned by the business from activities?
    Question Image
    Expenses
    Liabilities
    Revenue
    Drawing
    45s
  • Q4
    If total assets is BD 120,000 , total liabilities is BD 45000 the amount of owner’s equity is ???
    Question Image
    57,000
    165,000
    75,000
    45,000
    60s
  • Q5
    Commission income classify as ?
    Question Image
    Liabilities
    Assets
    Revenue
    Expense
    60s
  • Q6
    (Owner’s equity)9,000 + (Liabilities ) 3,000 = ( Assets) ???
    12,000
    6,000
    7,000
    13,000
    60s

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