A. Asset=Expense Income
B. Assets=Cash Capital
C. Assets=Capital Liabilities
D. Assets=Expenses Capital
Related Mcqs:
- Which of the following accounting equation is correct??
- What is the basic accounting equation??
- Which of the following is the practical implementation of the accounting equation??
- The accounting process of gradually converting the unexpired cost of fixed assets into expenses over a series of accounting periods is_________??
- Which one of the following formulae gives the correct measure of ‘Rate of Capital turnover’?
- Net loss occurs when______________??
- The assets which have some market value are called ____________??
- Which of the following is a real account??
- Which of the following statement is considered as the accountant’s snapshot of firm’s accounting value as of a particular date??
- Income earned but not received is called ____________??
