The amount of Owners‘ equity in a business is not affected by

Related MCQs

• Which of the following transactions would cause a change in ―owners‘ equity‖?
• If outside liabilities and owners‘ equity are added we get………
• Long term assets being `3,00,000, current Assets `80,000, outside liabilities `1,20,000. Find owners equity-
• The business is treated as distinct and separate from its owners on the basis of the
• A business firm is separate and distinct from its owners is the assumption under which of the following accounting concepts:
• Who are the real owners of a company?
• Which of the following statements is true with regard to written down value method of depreciation? i. The rate at which the asset is written off reduces year after year ii. The amount of depreciation provided reduces from year to year iii. The rate of depreciation as well as the amount of depreciation reduce year after year iv. The value of the asset gets reduced to zero over a period of time
• If a fixed amount is withdrawn on the first day of every month of calendar year by a partner in partnership firm, then for what period the interest on the total amount of drawings will be calculated?
• A firm’s goodwill is not affected by Sol:
• The amount of money owed by a business to outsider is called _____