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Which of the following equation is correct?
Anonymous Quiz
44%
Liabilities = Assets - Capital
22%
Assets = Liabilities - Capital
22%
Assets + Liabilities = Capital
11%
Capital - Liabilities = Assets
Which of the following is not a business transaction?
Anonymous Quiz
8%
Bought furniture of Rs 20,000 for business
80%
Paid son's fees from his personal bank account Rs 10,000
8%
Paid son's fee from the business Rs 5,000
4%
Paid for salaries of employees Rs 2,000
Copyright, Trademark & Patents are examples of ____
Anonymous Quiz
12%
Fixed Assets
10%
Current Assets
76%
Intangible Assets
2%
Investments
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Interest payable on the capital of the partners is recorded in __
Anonymous Quiz
16%
Realisation A/c
57%
Profit and Loss Appropriation A/c
22%
Profit and Loss A/c
4%
None of the above