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प्रश्न
The incorrect accounting equation is _____________.
पर्याय
Assets = Liabilities + Capital
Assets = Capital + Liabilities
Liabilities = Assets + Capital
Capital = Assets – Liabilities
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उत्तर
The incorrect accounting equation is Liabilities = Assets + Capital.
APPEARS IN
संबंधित प्रश्न
Accounting equation signifies ___________.
‘Cash withdrawn by the proprietor from the business for his personal use’ causes ____________.
Write any one transaction which decreases the assets and decreases the liabilities
Write any one transaction which increases one asset and decreases another asset
How are personal accounts classified?
What is an Account?
Classify the accounts with suitable examples.
What are the three different types of personal accounts?
Complete the accounting equation.
Assets = Capital + Liabilities
₹ 1,00,000 = ₹ 80,000 + ?
Prepare accounting equation for the following transactions.
- Murugan commenced business with cash ₹ 80,000
- Purchased goods for cash ₹ 30,000
- Paid salaries by cash ₹ 5,000
- Bought goods from Kumar for ₹ 5,000 and deposited the money in CDM.
- Introduced additional capital of ₹ 10,000
