logo

Cambridge IGCSE Accounting practice

Paper 2 structured question: The accounting equation

Try the question first, then check the answer and practise the same topic again.

Attempt questionThe accounting equation revisionRevise the key idea

At a glance

2

Paper

2

Marks

Topic

The accounting equation

Exam-style question

Try this first

Paper 2Structured Written Paper2 marks

A small business has total assets of $50,000 and total liabilities of $30,000.

Description

Accounting Equation Application

Calculate the owner's equity based on the provided information.

  1. a

    Calculate the owner's equity using the accounting equation.

    Aim for approximately 2 distinct marking points.

    [2]

0 of 1 part answered

Answer every part before opening the mark scheme.

Common mistake

No common mistake is linked to this question yet.

Related flashcards

Flashcard 1 of 6

Press Space to flip, arrows to move

Related practice questions

Question 1 of 5

Choose an answer, get feedback, then move sideways through the set.

0 of 4 attempted

Paper 2 structured question: The accounting equation

Paper 2Structured Written Paper2 marks

Description

Understanding Financial Position

Discuss the implications of the accounting equation for the company's financial position.

  1. a

    Discuss the implications of the accounting equation for the company's financial position.

    Aim for approximately 2 distinct marking points.

    [2]