Business

8th -

9thgrade

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Accounting Equation

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15 questions

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  • 1. Multiple Choice
    1 minute
    1 pt

    Which one from the list below doesn't represent the Accounting equation?

    A = OE + L

    A - L = OE

    A - OE = L

    OE = A + L

  • 2. Multiple Choice
    30 seconds
    1 pt

    How will you calculate profit?

    Income - Expenses

    Income + Expenses

    Income x Expenses

    Capital - Expenses

  • 3. Multiple Choice
    30 seconds
    1 pt

    Which word in a transaction won't define the transaction to be a drawing?

    Private

    Capital

    Owner

    Personal

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