MCQOPTIONS
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MCQOPTIONS
| 1. |
The accounting equation asset= capital liabilities, which of the following is true. Ram has started business with 5,50,000 and has purchased goods worth 1,50,000 on credit |
| A. | 7,00,000 = 5,50,000 + 1,50,000 |
| B. | 7,00,000 = 6,50,000 + 50,000 |
| C. | 5,50,000 = 7,00,000 - 1,50,000 |
| D. | 5,50,000 = 5,00,000 + 50,000 |
| Answer» B. 7,00,000 = 6,50,000 + 50,000 | |