Which of the following is not a proper form of the accoun...
Which of the following is not a proper form of the accounting equation?
Fixed assets + current assets - liabilities = capital
Fixed assests + current assests + liabilities = capital
Fixed assets – liabilities + current assets = capital
Fixed asset + current asset – capital = liabilities
Correct answer is B
The simplest presentation of capital employed is total assets minus current liabilities. Sometimes, it is equal to all current equity plus interest-generating loans (non-current liabilities).
Which of the following is correct about cost of goods sold? ...
An amount set aside out of profit for a specific purpose is a ...
Given: Sales.....................N4000 Light expenses............N2900 Rent.........................
An analytical cash book is used to ...
"A business unit is assumed to operate into foreseeable future and earn reasonable net income&q...
In order to make the cash book balance equal to the bank statement, it is usual to add? ...
Which of these accounts is dissolution expenses credited? ...
Given: Shaku Company Ltd. Stock..........................N3,600,000 Cash at hand..................