Accounting Equation-2

According to accounting equation assets is equal to ___________

• Capital + Liabilities       

• Liabilities – Capital

• Capital - Liabilities

• Income – Expense

Which of the following is correct?

• Assets = Liabilities + Owner’s equity

• Owner’s equity = Assets + Liabilities

• Liabilities = Assets + Owner’s equity     

• Assets = Liabilities – Owner’s equity   

• A

• B

• C

• D

• A

• B

• C

• D

Which of the following is a correct accounting equation?

 

• Assets + liabilities = owner's equity

• Assets – liabilities – owner's equity

• Assets + liabilities + owner's equity

• Assets – liabilities = owner's equity

   

The total capital of Al-Rahim Traders will be

• A. 156,000

• B. 159,000

• C. 256,000

• D. 259,000

What is the amount of total assets?

• A.    Rs 40,300

• B.    Rs 45,800

• C.    Rs 53,300

• D.    Rs 57,900

The total amount of current assets is

• A.    Rs 13,000.

• B.    Rs 23,000.

• C.    Rs 43,000.

• D.    Rs 243,000.

• A

• B

• C

• D

The amount of total capital of Urooj in her business is

• A.      Rs 370,000

• B.      Rs 450,000

• C.      Rs 680,000

• D.      Rs 910,000