Find out the value of assets if: Liabilities=$5000 and Capital=$1000

Related Mcqs:

1. If Cash=$1000 inventories=$4000 Debtors=$5000 fixed assets=? Capital+Liabilities=$15000 What is the Amount of total assets?

   A. $5000 B. $10,000 C. $15,000 D. $20,000...

2. Calculate the amount of cash if: Total assets=$10,000 Total liabilities=$10,000 Total Capital=$5000

   A. $6000 B. $10,000 C. $5000 D. $1000...

3. If the total liabilities of a business decrease by $5000 what will be the effect on total asset?

   (assuming the amount of capital remain same) A. Remain constant B. Decrease by $5000 C. Increase by $5000 D. Increase by $10,000...

4. The excess of current assets over current liabilities is called:

   A. Working Capital B. Circulating capital C. Fixed capital D. Trading capital...

5. The real accounts are accounts of Assets, liabilities and ___________?

   A. Expenses B. Revenues C. Capital D. Drawing...

6. Current assets – Current liabilities=?

   A. Capital B. Absorbed capital C. Net assets D. Net working capital...

7. Assets-Liabilities=____________?

   A. Cash B. Equity C. Net income D. Net expenses...

8. Based on which of the following concepts, is Share Capital Account shown on the liabilities side of a Balance Sheet?

   A. Business entity concept B. Money measurement concept C. Going concern concept D. Matching concept...

9. The assets which have some market value are called ____________?

   A. Fixed asset B. Quick asset C. Fictitious assets D. Real assets...

10. Which of the following assets is/are to be valued at the lower of cost and net realizable value?

    A. Goodwill B. Inventories C. Investments D. Both B. and C. above....