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