Which of the following A. Capital + Liabilities = Assets B. Assets - Liabilities = Capital C. Assets = Capital + Liabilities D. Assets = Capital - Liabilities is incorrect?
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- Out of which equation is NOT CORRECT ? Please remember to select "WHICH IS NOT CORRECT" Select one: a. Capital = Total Assets - Total Liabilities b. Total Assets = Tangible Assets + Intangible Assets + Investments + Current Assets c. Total Liabilities = Total Assets - Shareholder's funds - Capital d. Owner's equity = Share capital + Reserve and SurplusWhich of the following is correct?(i) Liabilities = Assets + Capital(ii) Assets = Liabilities – Capital(iii) Capital = Assets – Liabilities(iv) Capital = Assets + Liabilities.b) What is the total capital required for both off- and on-balance-sheet assets?
- The mathematical statement (Assets = Liabilities + Owners’ Equity) = (Assets − Liabilities = Owners’ Equity ) = (Assets − Owners’ Equity = Liabilities) is correct? a. False b. trueClassify each of the following items as assets (A), liabilities (L), or equity (EQ). Owner, CapitalHow should you record a capital expenditure? a. Debit a liability b. Debit capital c. Debit an expense d. Debit an asset
- a) Distinguish between financial assets and real assets for each of the following characteristics.i) Divisibilityii) Marketabilityiii) Holding periodiv) Information availabilityShow the solution in good accounting form The capital balances of C, P and A respectively?The monetary value of the net assets is reported at its historical cost on the balance sheet? a. physical capital b. excess capital c. net capital d. financial capital