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Question Practice

If total liabilities are $10,000 and total assets are $15,000, what is equity as per the opening entry?

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MCQ_SA
CBSE
Class 11
Accountancy
Accountancy - II
Financial Statements - I
Question Bank

If total liabilities are $10,0...

Single Answer MCQ
Q-00053558

If total liabilities are $10,000 and total assets are $15,000, what is equity as per the opening entry?

1

$5,000

2

$10,000

3

$15,000

4

$25,000

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