Quiz 16: Accounting Equation Problems Quiz

Test your knowledge of the accounting equation problems with our online accounting problem quiz. There are three types of account that make up the accounting equation, asset, liability, and capital, but do you know the effect of debits and credits on each?

Quiz 16: Accounting Equation Problems Quiz December 14th, 2016Team
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Property and Financial Claims

Double entry bookkeeping and accounting are based on the fundamental premise that for each property a business has there will be an equal financial claim on that property, and that both property and financial claims are measured in monetary amounts.

Property and Financial Claims November 6th, 2016Team
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The Accounting Equation Table

The accounting equation table below acts as a quick reference to help show you the effects of typical start-up business transactions on the accounting equation.

The Accounting Equation Table November 6th, 2016Team
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Quiz 9: Accounting Equation Exercises

Test your knowledge of the accounting equation questions with our online accounting equation quiz. There are three types of account that make up the accounting equation, asset, liability, and capital, but do you know the effect of debits and credits on each?

Quiz 9: Accounting Equation Exercises December 14th, 2016Team
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Quiz 2: Accounting Equation Quiz

Test your knowledge of the accounting equation questions with our online accounting equation quiz. There are three types of account that make up the accounting equation, asset, liability, and capital, but do you know the effect of debits and credits on each?

Quiz 2: Accounting Equation Quiz December 14th, 2016Team
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Basic Accounting Equation

Double entry bookkeeping and accounting is based on the Basic Accounting Equation which states that the total assets of a business must equal the total liabilities plus the owners equity in the business.

The basic accounting equation can be expanded by recognizing that the owners equity represents the capital injected into the business together with the retained earnings, effectively providing a link between the balance sheet and the income statement.

Basic Accounting Equation July 17th, 2017Team
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