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Accounting Mcqs — Test 4

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Question 1
Net income equal to Revenues minus____________?
Question 2
Collection of account receivable will
Question 3
Payment of expenses will ______ the assets
Question 4
Which of the following is the practical implementation of the accounting equation?
Question 5
Which of the following accounting equation is correct?
Question 6
Fresh capital introduction will increase____________?
Question 7
Cash received for services rendered will______________?
Question 8
Which of following best describes the increase in equity expands___________?
Question 9
If Cash=$1000 inventories=$4000 Debtors=$5000 fixed assets=? Capital+Liabilities=$15000 What is the Amount of total assets?
Question 10
Depreciation decreases____________?