The basic accounting equation is fundamental to an understanding of double entry bookkeeping transactions. Test your knowledge of double entry bookkeeping and accounting with our online account basic accounting equation quiz.
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Assets = 1700 Liabilities = ? Capital = 200 Retained Earnings = 500
Assets = 9000 Liabilities = 5000 Capital = ? Retained Earnings = -1000
Assets = 4850 Liabilities = 1250 Capital = 600 Retained Earnings = ?
Assets = 8969 Liabilities = 13738 Capital = 1000 Retained Earnings = ?
Assets = ? Liabilities = 3000 Capital = 20000 Retained Earnings = -6039
Assets = 15838 Liabilities = 2000 Capital = ? Retained Earnings = 3838
Assets = 23777 Liabilities = ? Capital = 9000 Retained Earnings = 9394
Assets = 6753 Liabilities = 3030 Capital = ? Retained Earnings = 2923
Assets = 32771 Liabilities = 39039 Capital = 100 Retained Earnings = ?
Assets = 12976 Liabilities = 3202 Capital = ? Retained Earnings = 8574
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