Short Answer lype Questions
1. Explain in short the meaning of an Accounting Equation
2. "Accounting Equation (A=L+ C) always holds good under all circumstances. "Explam with
Delhi 2007)
the help of two examples.
What is owner's equity? Give an equation for calculating owner's equity Give two examples
at least
1 From the following information ind the capital of Vijav: Total Assets? 5,00,000, Creditors
21.00.000: Loan from Bank? 1.50.000
. If the Capital is? 2.60.000 and Assets are? 5,00,000, what is the amount of Lati
R2,40.000.)
2.50.000 find the Total Assets
1If the Capital is 1.00.000 and Outside Liabilities are
P 3.50.000
25.000 and a loan of
Ram started business on 1st April 2018 with a Capital of
12.500. On 31. March, 2019, his assets were 50.000. Find his capital as on 31st March
Capital 37,500.
Answers
Answered by
1
Answer:
1.an equation or statement showing the equality of debits and credit or asset and liabilities including capital is known as accouting equation
Answered by
0
Answer:
the properties of the business is called
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