Which financial statement represents the a ccounting equation as Ass – McqOptions

MCQOPTIONS

1.	Which financial statement represents the a ccounting equation as Assets = Liabilities + Owner s equity?
A.	Income Statement
B.	Statement of Cash Flows
C.	Balance Sheet
D.	Either (A) or (B)
Answer» D. Either (A) or (B)

Discussion

No Comment Found

Related MCQs

In a overdraft balance as per cash book, a cheque of 1,250 deposited into bank but not recorded in cash book will be
Y-draws a trade bill of 12,000 for 6 months on X. After holding the bill for 2.5 months, Y discount the bill with bank @ 10% p.a. The amount of discount on bill is
Goods of the invoice value of 2,40,000 sent out to consignee at 20% profit on cost, the loading amount will be
Which balance is not considered for closing entries on t he basis of trial balance for transferring to Trading and Profit & Loss Account?
The valuation procedure for stock is cost or net realisable value, whichever is lower. The procedure follows as per
Which financial statement represents the a ccounting equation as Assets = Liabilities + Owner s equity?
It goods worth 1,750 returned to suppler is wrongly entered in sales returned book as 1,570 then
When credit balance as per pass book is the starting point of a Bank Reconciliation Statement then bank charges are
At the time of dishonor of an endorsed bill, which account would be credited by the drawee?
Kasi draws a bi ll on Shyam for 5,000 and Kasi endorsed it to Ram. Ram endorese it to Rahul. The payee of the bill will be