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Basic Accounting Equation

Quiz by Hindmohammed

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Q 1/6
Score 0
(Assets)90,000 = (Liabilities ) 25,000 + ( Owner’s Equity) ???
29
77,000
56,000
60,000
65,000

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6 questions

Show answers

Q1
(Assets)90,000 = (Liabilities ) 25,000 + ( Owner’s Equity) ???
77,000
56,000
60,000
65,000
45s
Q2
Furniture classify as ?
Liabilities
Owner’s Equity
Drawing
Assets
45s
Q3
The amounts earned by the business from activities?
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 ???
57,000
165,000
75,000
45,000
60s
Q5
Commission income classify as ?
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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