The accounting equation can be stated as:
A) Assets = Liabilities + Owner's Equity
B) Assets + Liabilities = Owner's Equity
C) Liabilities = Owner's Equity + Assets
D) Assets = Liabilities - Owner's Equity
Correct Answer:
Verified
Q11: Corporation tax payable would be classified as:
A)
Q12: An example of a long-term asset is:
A)
Q13: Non-current assets include inventories and trade receivables.
Q14: What a company owns is known as
Q15: An example of a current asset is:
A)
Q17: A company is said to be 'high
Q18: A company with a high current ratio
Q19: The main purpose of financial accounting information
Q20: If non-current assets are £250,000,current assets £70,000,long-term
Q21: Which of the following statements is correct?
A)
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