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WorksheetsAccounting Equation
Total questions: 25
Worksheet time: 13mins
Asset = Liability + (a)
what part of the accounting equation does this image represent?
Assest
Liabilities
Owners Equity
Loans
what part of the accounting equation does this vehicle represent?
(a)
Which one from the list below doesn't represent the Accounting equation?
A = OE + L
A - L = OE
A - OE = L
OE = A + L
Profit is the amount of money left over after all expensenses have been paid.
True
False
Accounts Receivable are a
Asset
Liability
Equity
Expense
Mortgage is a....
Asset
Equity
Liability
Expense
Another name for Inventory is....
Inventories
Stock
Purchases
Sales
Assets = Liabilities + Owner's Equity
Assets - 182,000
Liabilities- 125,000
Capital- ?
182,000
125,000
157,000
57,000
Assets = Liabilities + Owner's Equity
Assets - ?
Liabilities- 2,500
Capital- 10,000
2,500
12,500
10,000
7,500
Assets = Liabilities + Owner's Equity
Assets - ?
Liabilities- 90,000
Capital- 200,000
200,000
290,000
110,000
90,000
If Capital is R 31,400 and Liabilities are R 15,500, how much are Assets?
R 46,900
R 15,500
R 15,900
If Capital is R 27,500 and Liabilities are R 5,400, how much are Assets?
R 32,900
R 27,500
R 22,100
Assets=Liabilities-Capital is the accounting equation
TRUE
FALSE
Define what an asset is ?
The debt of the business.
The profit accumulated in the business.
The income and expenditure within the business.
The possessions owned and used by the business.
Calculate the missing information:
Assets R 74,000
Liabilities R 23,000
Owner’s equity?
R 23,000
R 51,000
R 74,000
R 97,000
Use the Accounting Equation to Solve (a)
(a)
Use the Accounting Equation to Solve (b)
(a)
Use the Accounting Equation to Solve (c)
(a)
Use the Accounting Equation to Solve (d)
(a)
