Which of the following equation is true for balance sheet

A Assets = Liabilities + Capital
B Liabilities = Assets + Capital
C Capital = Assets + Liabilities
D All of these

Correct Answer: Assets = Liabilities + Capital

The balance sheet displays the company’s total assets, and how these assets are financed, through either debt or equity. It can also be referred to as a statement of net worth, or a statement of financial position. The balance sheet is based on the fundamental equation: Assets = Liabilities + Equity(Capital).
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Related Questions

Rashna Company collected the following data in its accounting records in 2014 : From the income statement : Depreciation expense Tk. 1,000 Loss on sale of equipment 3,000 From the comparative balance sheet : Beginning balance , equipment Tk. 12,500 Ending balance , equipment 8,000 Beginning balance , accumulated depreciation 2,000 Ending balance , accumulated depreciation 2,400 No new equipment was purchased during the year. The equipment was sold at the end of the year. What was the cash in -flow from the sale of equipment in 2014?
A Tk, 3,900
B Tk. 1,000
C Tk. 900
D Tk. 600
The Balance sheet reported a beginning balance TK. 20,000 in Accounts Receivable and an ending balance of TK. 15,000 . Credit sale of TK. 2,00,000 were made during the year. Using the information compute cash collection from customers.
A TK. 2,05,000
B TK. 1,95,000
C TK. 2,00,000
D TK. 2,15,000
The Balance sheet reported a beginning balance TK. 20,000 in Account Receivable and an ending balance of TK. 15,000. Credit sale of TK. 2,00,000 were made during the year. Using the information computer cash collection from customers .
A TK. 2,05,000
B TK. 1,95,000
C TK. 2,00,000
D TK. 2,15,000
A Business shows total debtors' balance TK. 4,00,000 in its sales ledger at the end of its financial period . One customer owing TK. 40,000 is bankrupt and there is on possibility of getting the debt paid. A further 2% of debtors are considered doubtful . What debtors' total will be included as a current asset in the balance sheet ?
A TK. 4,00,000
B TK. 3,52,800
C TK. 3,52,000
D TK. 36,200
A Business shows total debtor's balance TK. 4,00,000 in its sales ledger at the end of its financial period. One customer owing TK. 40,000 bankrupt and there is no possibility of getting the debt paid. A further 2% of debtors are considered doubtful. What debtor's total will be included as a current asset in the balance sheet ?
A TK. 4,00,000
B TK. 3,52,800
C TK. 3,52,000
D TK. 36,200
Which one is the correct extended balance sheet equation ?
A Asset + Expenses = Liabilities + Income + Capital
B Asset + Expenses = Liabilities + Income - Capital
C Asset - Expenses = Liabilities - Income - Capital
D Asset - Expenses = Liabilities + Income + Capital
If you need 98 ounces of iron and 2 ounces of carbon to make a sheet of steel. How much iron you need in ounces to make 12 sheet steel?
A 98
B 50
C 49
D 198
The __________ may be able to specify style information for a particular document. For example, the user may specify a file that contains a style sheet or the user agent may provide an interface that generates a user style sheet.
A author
B user
C user-agent
D none of the mentioned
A rectangular sheet of paper, 10 cm long and 8 cm wide has squares of side 2 cm cut from each of its corner. The sheet is then folded to form a tray of depth 2cm. What is the volume of this tray?
A 32cm3
B 48cm3
C 49cm3
D 54cm3
Which one of the following could be described as an ' off balance sheet asset' ?
A Purchased goodwill
B Internally generated goodwill
C An asset being bought on hire purchase
D Leasehold land

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