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The Accounting Equation Quiz

Question 1 of 3

Q1 . What is the equation?

Q2 . What does the balance sheet indicate about the business?

Q3 . What accounting report are assets, liabilities and equity shown on?

Q4 . The accounting equation is a mathematical principle?

Q5 . What does the accounting equation form the basis for?

Q6 . What are accounts under revenue and expenses known as?

Q7 . All the accounts under assets, liabilities and equity are called...