General journal is a book of _______ entries?

A. First
B. Original
C. Secondary
D. Generic

Assets-Liabilities=____________?

A. Cash
B. Equity
C. Net income
D. Net expenses

Current assets – Current liabilities=?

A. Capital
B. Absorbed capital
C. Net assets
D. Net working capital

An increase in provision for bad debt will____________?

A. Decrease net income
B. Decrease liabilities
C. Increase net income
D. Increase liabilities

Depreciation decreases____________?

A. Liabilities
B. Cash
C. Bank
D. Capital

If Cash=$1000 inventories=$4000 Debtors=$5000 fixed assets=? Capital+Liabilities=$15000 What is the Amount of total assets?

A. $5000
B. $10,000
C. $15,000
D. $20,000

Which of following best describes the increase in equity expands___________?

A. Business operations
B. cash outflows
C. Inflows of cash
D. Appropriation expenses

Cash received for services rendered will______________?

A. Increase cash and liability
B. Increase equity and liability
C. Increase fixed assets and cash
D. Increase cash and equity

Fresh capital introduction will increase____________?

A. Assets and liabilities
B. Assets and equity
C. Liabilities and equity and bank balance
D. Capital and liabilities