All of following are Assets except?

Unearned Income

Prepaid Rent

Bill Receivable

Account Receivable

Correct! Wrong!

Residual interest in the net asset of an entity that remains after deducting its liabilities is?

Asset

Expense

Liabilities

Owner Equity

Correct! Wrong!

Revenue?

Is an increase in shareholders’ equity?

Has no impact on shareholders’ equity

Is a decrease in shareholders’ equity

Is cost of business

Correct! Wrong!

All of the following are Liabilities except?

Note Payables

Wages outstanding

None of given options

Income Receivable

Correct! Wrong!

Economic resources of business that expected to be of benefit in future time referred as?

Owner Equity

Withdrawals

Asset

Liabilities

Correct! Wrong!

All of following are Expenses except?

Carriage

Wages

Salaries

Rent Payable

Correct! Wrong!

Liabilities are?

Equal to the sum of assets plus owner’s equity?

All of given options

Obligation of the entity to outsiders

Created when stockholder contributed cash to company by stock exchanges

Correct! Wrong!

Which of the following item of revenue nature?

Dividends payable

Payment for building improvement

Rent incur

Fee earned

Correct! Wrong!

All economics costs that a business incur through its operation to earn revenues?

Assets

Drawing

Expense

Revenue

Correct! Wrong!

Which of the following is an identifiable non-monetary asset without physical substance?

Floating asset

Intangible asset

Circulating asset

Tangible asset

Correct! Wrong!

Accounting Pillars 1-10

Super Excellent ***

Excellent ***

Very Good **

Good *

Fair

Fail

Accounting Pillars 1-10

All of following are Assets except?

Residual interest in the net asset of an entity that remains after deducting its liabilities is?

Revenue?

All of the following are Liabilities except?

Economic resources of business that expected to be of benefit in future time referred as?

All of following are Expenses except?

Liabilities are?

Which of the following item of revenue nature?

All economics costs that a business incur through its operation to earn revenues?

Which of the following is an identifiable non-monetary asset without physical substance?

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