Accounting Equations

Accounting Equations
If total assets increase by $20,000 and total liabilities increase by $12,000, the capital will:
Increase by $32,000
Increase by $8,000
Decrease by $32,000
Decrease by $8,000
Author: rikazzz Comment
Accounting Equations
Closing stock and sundry debtors are examples of:
Fixed assets
Fictitious assets
Current assets
None of the above
Author: rikazzz Comment

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