Question 25 Not yet answered Marked out of 0.50 P Flag question Equity is the...
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Question 25 Not yet answered Marked out of 0.50 P Flag question Equity is the Amount of a company's capital which is owned by the shareholders. In sole proprietorship and partnership, it is simply called capital. While, the equity of a corporation is known as stockholders equity. Which of the following options either will increase or decrease the equity? O a. Cash, Accounts payable, supplies O b. Accounts payable, Accounts receivable, supplies O c. Accounts payable, bank overdraft, outstanding expenses O d. Retained earnings, dividend, drawings Question 12 Not yet answered Marked out of 0.50 Flag question According to which of the accounting assumption, the entity will remain in the business for an indefinite period of time? O a. Business entity O b. Dual aspect O c. Going concern O d. Accounting period Question 26 Not yet answered Marked out of 0.50 Flag question The documentary evidence of transaction is called O a. Account O b. Voucher O c. Credit O d. None of the options
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