question archive 1)Which of the following equation is correct? Select one: a
1)Which of the following equation is correct? Select one: a
Subject:AccountingPrice: Bought3
1)Which of the following equation is correct? Select one: a. Assets - Liabilities = Owners' equity b. Liabilities + Owners' equity = Fixed Assets c. Assets + Owners' equity = Liabilities %3D O d. Assets + Liabilities = Owners' Equity 2) The amount which the proprietor has invested in the business towards the owner is called drawings. Select one: O True O False 3) Institute of management Accountants conducts certified programs of financial management and Management Accounting. Select one: O True O False 4) The assets that does not have physical existence but, possessing a value are called Select one: a. Intangible assets O b. Investments O c. Fixed assets O d. Current assets 5) Business is an activity which involves exchange of goods and services to earn profit. Select one: O True O False
