Which of the following accounts is reported in the Equity section statement of financial postion?
A) Dividends.
B) Share capital-ordinary.
C) Revenues.
D) All of the choices are reported in the Equity section of the statement of financial position.
Correct Answer:
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Q4: Debit always means
A)right side of an account.
B)increase.
C)decrease.
D)none
Q15: The double-entry accounting system means
A)Each transaction is
Q22: The debit and credit analysis of a
Q25: The accounting equation must remain in balance
A)
Q28: Nominal accounts are also called
A)temporary accounts.
B)permanent accounts.
C)real
Q29: Which of the following is a nominal
Q43: Which of the following statement is true
Q44: Accounts maintained within the ledger that appear
Q50: Equity is not affected by all
A)cash receipts.
B)dividends.
C)revenues.
D)expenses.
Q53: Under International Financial Reporting Standards (IFRS) the
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