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Free Online MCQs on Accounting Equations – Class 11th Accountancy

Here, we have provided Free Online MCQs on Accounting Equations – Class 11th Accountancy. The accounting equation shows that all assets are either financed by borrowing a loan or paying with the loan of the company’s shareholders. Therefore, the accounting equation shows the relationship between the elements of accounting. Thus, the accounting equation is Assets = Liabilities +Owner’s Equity.

The accounting equation is the statement of equality between the total assets and total claims. There are three basic elements like assets, liabilities, and capital.

To make you perfect in this topic – Accounting Equations, we are here with a set of MCQs on Accounting Equations, that will help you in brushing up the understanding of the concepts.

Free Online MCQs on Accounting Equations

Accounting Equations – Set – 1

Accounting Equations – Set – 2

Practice More:

Free Online MCQs on Introduction to Accounting

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