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If the owner is the only one who contributed.
Accounting equation questions and answers pdf. For purposes of exams and testing its important to make sure you not only get the questions right but are completing them at the right speed. Relationships between the components of the accounting equation and also for solving example problems. Assets equals liabilities plus equity 4.
Equation must always balance. Bank loans Funds Borrowed Accounts Payable 8. Class 11 Accountancy Chapter 2- Accounting Equation TS Grewal Solutions for Class 11 Accountancy Chapter 2- Accounting Equation is a fundamental concept to be studied by the students.
Habib Ullah Sadiq is wholesale trader. Answers-True or False ˇ ˆ. The solution for this question is as follows.
Its going to help you get a brief idea of the accounting equation. Part of these assets is provided by the owner total amount of funds contributed by him is called owners equity or capital. Pdf Accounting Equation Questions And Answers The equality of both parts of the equation is always maintained.
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The elements of the accounting equation are I. For deep understanding of accounting equation following are important accounting equation questions. So today were going to learn the Top 20 Questions and Answers-Accounting Equation.
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