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प्रश्न
The incorrect accounting equation is _____________.
विकल्प
Assets = Liabilities + Capital
Assets = Capital + Liabilities
Liabilities = Assets + Capital
Capital = Assets – Liabilities
उत्तर
The incorrect accounting equation is Liabilities = Assets + Capital.
APPEARS IN
संबंधित प्रश्न
A firm has assets of ₹ 1,00,000 and the external liabilities of ₹ 60,000. Its capital would be ___________.
Real account deals with ____________.
Which one of the following is representative personal account?
Prepaid rent is a ____________.
Write any one transaction which decreases the assets and decreases the liabilities
Write a brief note on accounting equation approach of recording transactions.
What is an Account?
What are the three different types of personal accounts?
Complete the accounting equation.
Assets = Capital + Liabilities
₹ 2,00,000 = ? + ₹ 40,000
Prepare accounting equation for the following transactions.
- Murugan commenced business with cash ₹ 80,000
- Purchased goods for cash ₹ 30,000
- Paid salaries by cash ₹ 5,000
- Bought goods from Kumar for ₹ 5,000 and deposited the money in CDM.
- Introduced additional capital of ₹ 10,000
