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Pregunta 1
Pregunta
What is the accounting equation?
Respuesta
-
A = C + L (1)
-
B = C + C (2)
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Z= A + B (3)
Pregunta 2
Pregunta
What does the accounting equation stand for?
Respuesta
-
Assets = Cost + Liabilities (1)
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Assets = Capital + Liabilities (2)
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Assets = Capital + Long term costs (3)
Pregunta 3
Pregunta
A credit is something that goes out of your bank account?
Respuesta
- True
- False
Pregunta 4
Pregunta
A debit is money that is coming into your account?
Respuesta
-
True
-
False
Pregunta 5
Pregunta
What is the meaning of an asset?
Respuesta
-
Money that is owed to the business or something that is the business (1)
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Money that is owed from your business (2)
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A customers shoe (3)
Pregunta 6
Pregunta
What is the meaning of a liability?
Respuesta
-
Something that you owe like a mortgage (1)
-
Something you want to buy (2)
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Something you hired (3)
Pregunta 7
Pregunta
What is the meaning of capital?
Respuesta
-
Money invested in a business to generate income? (1)
-
Your income (2)
-
The amount of profit you make (3)
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