Which of the following is the basis accounting equation?
Assets = capital + liabilities
Capital = assets + liabilities
Liabilities = assets + capital
Assets = liabilities + equity
Correct answer is A
No explanation has been provided for this answer.
A stock as a form of capital of a company comprises
Tons of merchandise
Units of goods
Units of shares
Bundles of wares
Correct answer is C
No explanation has been provided for this answer.
Creditor
Promoter
Debtor
Shareholder
Correct answer is A
No explanation has been provided for this answer.
₦30,505 cr.
₦9,505 cr.
₦9,505 dr.
₦30,500 dr.
Correct answer is A
No explanation has been provided for this answer.
Debit cash account, credit Abu's account
Debit Abu's account, credit cash account
Debit Abu's account, credit cash account
Debit sales account, credit cash account
Correct answer is B
No explanation has been provided for this answer.