Multiple Choice Questions on Which of these not include as a separate item in the basic accounting equation ........ for UPSC EPFO Exam Preparation

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Multiple Choice Questions

Which of these not include as a separate item in the basic accounting equation ........

General Accounting Principles Introduction to Accounting
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    Which of these not include as a separate item in the basic accounting equation?

    Asset 

    Incorrect Answer

    Liability

    Incorrect Answer

    Revenue

    Correct Answer

    Shareholder's equity

    Incorrect Answer
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    Explanation:

    Revenue is not include as a separate item in the basic accounting equation.

    • Assets = Liabilities + Owner’s Equity

    By: SWAPNIL AGGARWAL
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