What is equity? Options: A . &nbspCash from the business B . &nbspLiability of a business C . &nbspOwner's claim on total assets D . &nbspOwner's claim on total liabilities

What is equity?

Question

What is equity?

Options:

A . Cash from the business

B . Liability of a business

C . Owner's claim on total assets

D . Owner's claim on total liabilities

Answer: Option C

Submit Your Solution Below and Earn Points !

Next Question

Question 1. Identify the asset from the following....

Question 2. ______ is the withdrawal of cash and goods by the owner of the business for his/her personal use....

Question 3. Net loss occurs when....

Question 4. Double entry implies that....

Question 5. Identify the nominal account....

Question 6. Which of the following accounts can be classified as a real account?....

Question 7. Capital of a business decreases if there is an increase in....

Question 8. Net income equal to Revenues minus....

Question 9. Capital increases if ______ increases....

Question 10. Payment of expenses will ______ the assets....

Chapter 1 - GLOBAL STEEL SCENARIO & INDIAN STEEL INDUSTRY Part 1 : (13-04-2024) INDUSTRY AND COMPANY AWARENESS (ICA)

Direction Sense Test Part 1 Reasoning (Hindi)

Chapter 1 - RMHP / OHP / OB & BP Part 1 : (14-02-2024) GPOE

Cube & Cuboid Part 1 Reasoning (Hindi)

Data Interpretation (DI) Basic Concept Reasoning (Hindi)

Counting Figures Part 1 Counting Of Straight Lines Reasoning (Hindi)

Sail E0 free webinar Webinars

Real Numbers Part 7 Class 10 Maths

Real Numbers Part 1 Class 10 Maths

Polynomials Part 1 Class 10 Maths

Pie Chart - Test Paper 1 Data Interpretation Reasoning & DI

Tabulation - Test Paper 2 Data Interpretation Reasoning & DI

Test Paper 1 Direction Sense Test Reasoning & DI

ICA , RDIC,GFM Free Modal Test Paper - Non - Technical Branch Old Syllabus 2022 - SAIL Junior Officer E0

GFM Combined 1 Free Revision Test SAIL JO E-0