Fix the Equation (ACCA FA)

Exercise and reference answers

Questions

1. Statement parts

   1. Assets
   2. =
   3. Liabilities
   4. -
   5. Equity

   Correction

   +

   Incorrect part

   -

2. Statement parts

   1. Profit
   2. =
   3. Income
   4. -
   5. Expenses

   Correction

   Expenses

   Incorrect part

   Expenses

3. Statement parts

   1. Capital
   2. increases
   3. with
   4. drawings

   Correction

   profit

   Incorrect part

   drawings

Instructions

Tap the wrong part of the statement.