Accounting Equation Online Test

Which of the following are NOT asset:


Which of the following does NOT affect the owner's equity amount:


Which of the following would result in an increase in liability?


Assets increased by $1500, but the liabilities decreased by $500, hwat would be the effect on owner's equity?


Invested cash to start a business.

State the impact on the elements of accounting equation:









Description:

State basic accounting equation and define assets, liabilities and owner's equity.

Discussion

mandeep singh

great

1231 days 3 hours 18 minutes ago

PAK MEI SEN
Accounting Tutor of AFW1000
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