Multiple Choice
Which of the following correctly expresses the accounting equation?
A) Capital + Assets = Liabilities
B) Non-current assets - Current assets + Liabilities = Capital
C) Non-current assets - Current assets - Liabilities = Capital
D) Assets = Capital + Liabilities
Correct Answer:
Verified
Correct Answer:
Verified
Q2: Daryl runs a small business which packages
Q3: Elliott's business has current liabilities of £9000,
Q4: Purdy's business has non-current assets of £81
Q5: Susannah's statement of financial position at 31
Q6: Xavier's business has long-term liabilities of £25
Q8: Derry's business has non-current assets of £76
Q9: Ilona's business bank account at 1 May
Q10: Smylie Bentham is the trading name used
Q11: Simeon runs a business as a sole
Q12: Evan's business has non-current assets of £62