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ACCOUNTING EQUATIONS

Authored by Arushi Sinha

Special Education

11th Grade

Used 411+ times

ACCOUNTING EQUATIONS
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15 questions

Show all answers

1.

FILL IN THE BLANKS QUESTION

1 min • 1 pt

Assets= Capital+--------------.

(a)  

2.

FILL IN THE BLANKS QUESTION

1 min • 1 pt

Accounting equations is prepared as per ---------------concept.

(a)  

3.

FILL IN THE BLANKS QUESTION

1 min • 1 pt

Account is having --------------shape.

(a)  

4.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Outstanding Rent is ........

Liability

Asset

Expense

Income

5.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Accrued Commission is...

Income

Asset

Liability

Expense

6.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Salary received in advance is ......

Asset

Expense

Income

Liability

7.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Prepaid wages is ......

Liability

Asset

Income

Expense

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