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Practice Questions
Test your understanding with targeted questions related to the topic.
Question 1
Easy
What is the accounting equation?
💡 Hint: Think about what a business owns and owes.
Question 2
Easy
If a business has ₹10,000 in assets and ₹6,000 in liabilities, how much is the capital?
💡 Hint: Use the equation to find the answer.
Practice 4 more questions and get performance evaluation
Interactive Quizzes
Engage in quick quizzes to reinforce what you've learned and check your comprehension.
Question 1
What is the accounting equation?
💡 Hint: It's the foundational formula for double-entry accounting.
Question 2
True or False: If liabilities increase and assets remain unchanged, capital decreases.
💡 Hint: Think about how the equation must always balance.
Solve 1 more question and get performance evaluation
Challenge Problems
Push your limits with challenges.
Question 1
A company has total assets of ₹200,000 and total liabilities of ₹120,000. Calculate the capital and explain its significance.
💡 Hint: Use the accounting equation to find the capital.
Question 2
If capital increases by ₹30,000 and liabilities decrease by ₹10,000, how will this impact total assets?
💡 Hint: Consider how each change impacts the accounting equation.
Challenge and get performance evaluation