Complete the Equation (ACCA FA)

Exercise and reference answers

Missing parts

1. Answer

   Liabilities

   Choices

   1. Liabilities
   2. Expenses
   3. Revenue

2. Answer

   Equity

   Choices

   1. Equity
   2. Drawings
   3. Inventory

Complete the statement

Assets = {0} + {1}

Instructions

Fill the blanks of the accounting equation.