Relevant Competitive Tests:
What is equity?
A. Cash from the business
B. liability of a business
C. Owner’s claim on total assetsCorrect Answer
D. Owner’s claim on total liabilities
Correct Option: C. Owner’s claim on total assets
This question has been verified by the PakPrep community moderation network for competitive examination accuracy.
Subject Overview
Explore thousands of solved past paper MCQs for Accounting Mcqs categorized with explanations.
Browse All Accounting Mcqs MCQs →Related Questions
The accounting process of gradually converting the unexpired cost of fixed assets into expenses over a series of accounting periods is_________?If the beginning work in process inventory units are 2600, units started are 9000, ending work in process units are 2300 and the completed good units are 8000 then total spoilage will be ____________?In support of business transaction, any written evidence is called ___________?The concession received on the price of defective goods is called:Cash brought by the owner to start business is called__________?