The basic accounting equation is fundamental to an understanding of mdct.ru transactions. Test your knowledge of mdct.ru and accounting with our online account basic accounting equation quiz.

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## Start the Basic Accounting Equation Quiz

Click on an answer to reveal whether its Right! or Wrong

1. Using the basic accounting equation identify the missing item.

Assets = 1700 Liabilities = ? Capital = 200 Retained Earnings = 500

Assets = 1700 Liabilities = ? Capital = 200 Retained Earnings = 500

Wrong

Right!

Wrong

2. Using the basic accounting equation identify the missing item.

Assets = 9000 Liabilities = 5000 Capital = ? Retained Earnings = -1000

Assets = 9000 Liabilities = 5000 Capital = ? Retained Earnings = -1000

Right!

Wrong

Wrong

3. Using the basic accounting equation identify the missing item.

Assets = 4850 Liabilities = 1250 Capital = 600 Retained Earnings = ?

Assets = 4850 Liabilities = 1250 Capital = 600 Retained Earnings = ?

Wrong

Right!

Wrong

4. Using the basic accounting equation identify the missing item.

Assets = 8969 Liabilities = 13738 Capital = 1000 Retained Earnings = ?

Assets = 8969 Liabilities = 13738 Capital = 1000 Retained Earnings = ?

Wrong

Wrong

Right!

5. Using the basic accounting equation identify the missing item.

Assets = ? Liabilities = 3000 Capital = 20000 Retained Earnings = -6039

Assets = ? Liabilities = 3000 Capital = 20000 Retained Earnings = -6039

Wrong

Wrong

Right!

6. Using the basic accounting equation identify the missing item.

Assets = 15838 Liabilities = 2000 Capital = ? Retained Earnings = 3838

Assets = 15838 Liabilities = 2000 Capital = ? Retained Earnings = 3838

Right!

Wrong

Wrong

7. Using the basic accounting equation identify the missing item.

Assets = 23777 Liabilities = ? Capital = 9000 Retained Earnings = 9394

Assets = 23777 Liabilities = ? Capital = 9000 Retained Earnings = 9394

Wrong

Right!

Wrong

8. Using the basic accounting equation identify the missing item.

Assets = 6753 Liabilities = 3030 Capital = ? Retained Earnings = 2923

Assets = 6753 Liabilities = 3030 Capital = ? Retained Earnings = 2923

Right!

Wrong

Wrong

9. Using the basic accounting equation identify the missing item.

Assets = 32771 Liabilities = 39039 Capital = 100 Retained Earnings = ?

Assets = 32771 Liabilities = 39039 Capital = 100 Retained Earnings = ?

Right!

Wrong

Wrong

10. Using the basic accounting equation identify the missing item.

Assets = 12976 Liabilities = 3202 Capital = ? Retained Earnings = 8574

Assets = 12976 Liabilities = 3202 Capital = ? Retained Earnings = 8574

Wrong

Wrong

Right!

## Try Another mdct.ru Quiz

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Quiz 36: Basic Accounting Equation Quiz December 14th, 2016