Which of the following is correct?(i) Liabilities = Assets + Capital(ii) Assets = Liabilities – Capital(iii) Capital = Assets – Liabilities(iv) Capital = Assets + Liabilities.
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Which of the following is correct?
(i) Liabilities = Assets + Capital
(ii) Assets = Liabilities – Capital
(iii) Capital = Assets – Liabilities
(iv) Capital = Assets + Liabilities.
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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 SurplusShow the solution in good accounting form. What is the capital balances po C, P and A respectively?b) What is the total capital required for both off- and on-balance-sheet assets?
- Explain the accounting equation while considering the relationship between asset, liabilities and capital?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 capitalassets equal to sum of liabilities and owners' equity. Do it correctly.
- Prepayments are presented: A. in statement of financial position as assets B. in statement of financial position as liabilities C. in statement of financial position as equity D. in statement of profit or loss(Explain your solution)What is the accounting equation? Briefly explain each of the three parts Asset ( the curent and fixed ) = liabilities ( the curent and fixed )+ equitywhich of the following items appear within multiple financial statements? a). net income(or net loss) and cash. b).ending capital balance end net income(or net loss) c). cash and withdrawals d). ending capital balance and withdrawals
- Compute the following: A. Current Asset B. Non current asset C. Total asset D. Current liabilities E. Non current liabilities F. Total liabilities G. Equity H. Net income I. Total liabilities and equity J. Prepare a Statement of Financial PositionThe capital balances of C, P and A respectively are?Explain the following measurement bases of the elements of financial statements and indicate how assets and liabilities are measured in each case: 1. Historical cost 2. Current cost 3. Realisable value