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The elements of the accounting equation are I. Assets II. Liabilities III. Trial Balance IV. Capital?

 

(A) I, II and III     (B)I, II and IV     (C) I, III and IV     (D)II, III and IV

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Question added by Shazia Anees , Assistant Manager Finance , Arham Trading Company
Date Posted: 2015/08/23
Shahbaz Hayder
by Shahbaz Hayder , Group Head of Finance , Sharif Group of Companies

Option B is the right answer.

Sohail Lone
by Sohail Lone , Assistant Manager Audit , Deloitte - United Arab Emirates

B) Correct Answer Assets=Liabilities + Shareholders Equity(Capital)

mohamed Hakim CMA CPA Candidate
by mohamed Hakim CMA CPA Candidate , Accounting Manager , Andersen saudi arabia

 

answer : B

I ,  II  and  IV :   Assets = Capital + Liabilities

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Shadab Ali Khan
by Shadab Ali Khan , Transaction Processing Analyst , Accenture Solutions Pvt Ltd

Assets , Liabilities and Capital

Asad Ahmed
by Asad Ahmed , Manager Finance & Company Secretary , Connect Communications Pvt. Ltd.

Assets, Liabilities & Capital are the elements of accounting equations

Deleted user
by Deleted user

(C) I, III and IV thus Asset = Capital + Liabilities ......................................

Tohidul islam
by Tohidul islam , probationary level , uttara bank limited bangladesh

The Accounting Equation, Assets = Liabilities + Capital   So that, Answer is B) I, II and IV.

 

 

Badar Khan
by Badar Khan , Accounts cum administrative assistant , Al Qassimia Drivng Training Centre.Sharjah

the correct answer for accounting equation is (B)

Falah Musthafa
by Falah Musthafa , Audit Executive , MIM International Consultancies

Accounting Equation is : Assets - Liabilities = Capital. So the right answer would be 'B', Where Trial Balance is not an element of Accounting Equation.

Muhammad Ayaz Mubeen
by Muhammad Ayaz Mubeen , Assistant Manager Accounts , Paragon Constructors Pvt Ltd

Ans B. Assets = Capiltal + Liabilities

Amali Nisansala
by Amali Nisansala , Finance Manager , Spryn logistics pvt ltd

 B IS THE ANSWER.IT MEANS ELEMENTS OF ACCOUNTING EQUATION ARE ASSETS,LIABILITIES AND CAPITAL.

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