During a reporting period, a company’s assets increase by Rs. 80,000,000. Liabilities decrease by Rs. 20,000,000. Equity must therefore?

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The accounting equation should remain in balance because every transaction affects how many accounts?

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Find out the missing value liabilities in an accounting equation with the help of given data?

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Which one of the following equations correctly expresses the relationship between assets (A), liabilities (L), revenues (R), expenses (E) and capital (C)?

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If the assets of a business are Rs. 100,000 and equity is Rs. 20,000, the value of liability will be?

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Find out value of account receivable from following Cash Rs. 48,000 account payable Rs. 33,000 office equipment Rs. 21,000 owner equity Rs. 77,000?

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On January 1st, 2009 an entity's balance sheet showed total assets of Rs. 750 and liabilities of Rs. 250. Owners' equity at January 1st was?

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Which of the following statements is incorrect?

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Which of the following is not a correct form of the Accounting Equation?

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Consider the following data?

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Accounting Equation (1-10)
Super Excellent ***
Excellent ***
Very Good **
Good *
Fair
Fail

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