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ScotlandAccountingQuick questions
Financial Accounting
Quick questions on The accounting equation, double entry and the trial balance - SQA National 5 Accounting
3short Q&A pairs drawn directly from our worked dot-point answer. For full context and worked exam questions, read the parent dot-point page.
What is q1?Show answer
A business has capital of and liabilities of . Find its assets. [2 marks]
What is q2?Show answer
State the double entry for paying rent by cash. [2 marks]
What is q3?Show answer
On which side does a liability increase? [1 mark]
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