Accounting Equation

Calculate the value of the missing items:

1. Capital?

• RM45,000

• RM32,600

• RM57,400

• RM12,400

Calculate the value of the missing items:

2. Assets?

• RM33,000

• RM19,667

• RM46,333

• RM13,333

Calculate the value of the missing items:

3. Liabilities?

• RM31,200

• RM10,000

• RM21,200

• RM11,200

Calculate the value of the missing items:

4. Capital?

• RM80,245

• RM11,111

• RM45,678

• RM34,567

Calculate the value of the missing items:

5. Assets?

• RM128,700

• RM42,100

• RM84,400

• RM43,300

Calculate the value of the missing items:

6. Liabilities?

• RM34,844

• RM100,220

• RM67,532

• RM32,688

Choose the correct effect for the statement:

started business with cash and equipment

• Asset increase, capital increase

• Asset increase, capital decrease

• Asset increase, asset decrease

• Asset increase, liability increase

Choose the correct effect for the statement:

bought furniture by cheque

• Asset increase, capital increase

• Asset increase, capital decrease

• Asset increase, asset decrease

• Asset increase, liability increase

Choose the correct effect for the statement:

bought stationery on credit from the Stationery store

• Asset increase, capital increase

• Expense increase, capital decrease

• Asset increase, asset decrease

• Expense increase, liability increase

Choose the correct effect for the statement:

Transfer cash to the company's bank account

• Asset increase, capital increase

• Expense increase, capital decrease

• Asset increase, asset decrease

• Expense increase, liability increase