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What is the total assets of business

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Problem 1: Which of the following group belongs to liabilities?

A. Loan and accrued rental expenses, machinery.

B. Account payable, prepaid rental income and accrued utilities.

C. Motor vehicle, prepaid utilities and inventory.

D. Accrued uitilities, loan and accrued rental income .

Problem 2: Which of the following accounting equation is true?

A. Asset + Liability + Revenue = Capital + Expenses

B. Liability + Capital = Assets - Expenses + Revenue

C. Assets - Liability = Capital + Revenue + Expense

D. Asset + Expense - Capital = Liability + Revenue

Problem 3: On 1 January 2020, Mala started her business with cash of RM105,000 and a motor van worth RM90,000. She also obtained RM250,000 15-year loan from ZZB Bank with 6% annual interest. What is the total assets of her business?

A. RM460,000

B. RM195,000

C. RM445,000

D. RM55,000

Reference no: EM132946404

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