Which of the following is correct?(i) Liabilities = Assets + Capital(ii) Assets = Liabilities – Capital(iii) Capital = Assets – Liabilities(iv) Capital = Assets + Liabilities.

Q: The accounting equation may be expressed as(a) Assets = Liabilities - Owner's Equity.(b) Assets =…

A: The different accounts in business balance sheet are described as assets, liabilities and owner's…

Q: which of the anwsers are operating activities, financing activities, and investing activites for the…

A: In the cash flow statement there are main three segment are there.  The details are given below…

Q: Classify each of the following items as assets (A), liabilities (L), or equity (EQ). Owner, Capital

A: Assets: These are the resources owned and controlled by business and used to produce benefits for…

Q: What do you mean by Assets, Liabilities, Capital, Revenues and Expenses?

A: Accounting is primarily concerned with identifying, recording, measuring, summarizing transactions…

Q: Which of the following describes how assets are listed onthe balance sheet?a. In alphabetical…

A: Classified Balance sheet: It includes more detailed balance sheet by itemizing a company’s different…

Q: The flow of money or its equivalent produced by an asset dividends and interest a. investment b.…

A: An investment is defined as an asset or invested, which used in building the wealth as well as…

Q: What is the Changes in Net Assets? 2. What is the Statement of Financial Position?

A: Financial Statements: Financial statements are considered as a summary of the events that took place…

Q: How should you record capital expenditure? Debit a liability Debit capital Debit an expense Debit…

A: Capital expenditure: Capital expenditure refers to the expenditures that are incurred to increase…

Q: True or false. Assets is equal to the sum of liabilities and owners equity

A: Assets are the rights and resources that are being held by the business. It includes current assets,…

Q: The net-worth is the difference between assets and liabilities and is also called as ..... (a)…

A: Company balance sheet consists of assets and liabilities and equity.

Q: Which of these statements is not one of the financial statements?A. income statementB. balance…

A: The financial statement, often known as the final account, depicts the organization's financial…

Q: hat amount of total assets will be reported?

A: Step 1 Total assets to be reporting in consolidated financial statements is holding‘s assets+…

Q: Define (a) assets, (b) liabilities, (c) equity, and (d) net assets.

A: Step 1   The elements of financial statements are the general categorization of items contained…

Q: financial assertion

A: Financial assertions are statements made by management in an an assertive way regarding the items in…

Q: Required: Compute the following a. Contributed capital b. Legal capital c. Total shareholders'…

A: Share holders' Equity: It is the statement that provides the movement of the owner's balance from…

Q: Define the terms assets and liabilities and give examples of each

A: Assets means anything which is owned by business and used in business. Liabilities means which the…

Q: Networking capital refers to the    A) firms investment in total assets B) firms' investment in…

A: There are various heads of balance sheet including current assets, total assets etc

Q: following heads in the accounti

A: Accounting principle follows the double entry system of recording transactions. To reconcile the…

Q: Which of the following normally have a debit balance? Liability accounts Equity or capital accounts…

A: Assets, expenses, losses, and the owner's drawing account will normally have debit balances.Their…

Q: What is the total capital required for both off- and on-balance-sheet assets?

A: On-balance sheet items are those which are represented as a part of the company's financial…

Q: (a) What are total current assets? show working (b) What are total current liabilities? Show working

A: Current assets are those assets which can be converted into cash within a short period of time like…

Q: Which of the following is the correct accounting​ equation?   A. Assets​ + Revenues​ = Liabilities​…

A: Assets = Resource of financial value owned or controlled by the company. Liability = Obligation to…

Q: Which of the following is a usefulness of the statement of financial position? OA. The use of…

A: For every business, accounting is very important for analysis and evaluation. Accounting is based on…

Q: Current Assets value in the balance sheet ?

A: Introduction: Balance sheet: All Assets and liabilities are shown in Balance sheet. It tells the net…

Q: Explain TWO (2) main differences between real assets and financial assets

A: Real assets are reflective of all such physical assets which are tangible in nature and the price of…

Q: Explain the concept of NORMAL BALANCE and how it works for assets, liabilities and equity.

A: Concept of NORMAL BALANCE : Generally, the most of the companies follows double entry method of book…

Q: Which one of these financial statement assets is the most liquid?

A: Financial statements are the statements that are prepared at the end of the accounting year. They…

Q: -1) Write down at least two examples for : Asset Liability Capital or Owners Equity Revenue Expense

A: Assets: Assets are those items that provide value for money and future economic benefit for an…

Q: O Assets and Liabilities Income and Capital Revenue and Expenses O Assets and Liabilities and…

A: Solution Note : Dear student as per the Q&A guideline we are required to answer the first…

Q: What is articulation of the financial statement means? Elaborate.

A: Financial statements are the statements which plays an important role for an effective investment…

Q: Which of the following is incorrect? A. Capital + Liabilities = Assets B. Assets - Liabilities =…

A: Every transaction has dual effect on the books of account. The question is from the topic of…

Q: Which one of the following equations correctly expresses the relationship * ?between assets (A),…

A: The accounting transactions effect two or more accounts of the business making accounting equation…

Q: QUESTION 31 The term balance sheet is used because the following accounting iden A) Assets =…

A: Balance sheet consists of assets and laibilties.Both must be balance each other in balance sheet.

Q: The monetary value of the net assets is reported at its historical cost on the balance sheet? a.…

A: Physical capital is represented by the capital utilized for acquiring tangible fixed assets or…

Q: Which of the following statements is correct? O Assets - Liabilities = Ownership interest O Assets +…

A: The basic accounting equation as per double entry system of accounting is: Assets = Liabilities +…

Q: Which of the following A. Capital + Liabilities = Assets B. Assets - Liabilities = Capital C. Assets…

A: The general accounting equation is Assets = Liabilities + Capital.

Q: Are revenue and expenses equity accounts  that cash and land are to assets?

A: Statement of Retained Earning is a financial statement that represents the changes to the retained…

Q: Total current Assets in the balance sheet

A: Introduction:- Current assets:- Current assets are all the assets of a company that are expected to…

Q: How do u calculate for total assets?

A: Introduction: Assets are resources owned by the company that is expected to generate future economic…

Q: The income statement adequately reflects all operating, investing, and financing activities.  True…

A: Cash Flow Statement: Cash Flow Statement is a fundamental financial statement that renders valuable…

Q: at effect o

A: The General accounting equation  is Equity + Liabilities = Assets.

Q: 1- If the classic balance sheet formula were written as follows, what would be the net working…

A: Firm require funds for long term (fixed assets) and daily operations. Net working capital (NWC)…

Q: 3. Which of the following are Assets, Liabilities, Equity?

A: Step 1 Basic accounting equation  Assets = Liabilities + Shareholders' equity.

Q: sheet, this line item is generally current assets. O total equity. O total liabilities. O total…

A: The common size analysis is the vertical analysis of the financial statements.

Q: A capital expenditurea. adds to an asset.b. is expensed immediately.c. is a credit like capital…

A: Expenditure: It refers to the aggregated amount that is spent by a business during an accounting pe