Owner's Equity Question:
Fill in the Blank

by Princess
(Malaysia)

Before you begin: For purposes of testing and exams it's important to not just get the questions right but also complete them at the right speed. Use a watch or clock to time yourself when answering this question.

Difficulty Rating:
Beginner

Time limit:
2 minutes

Q: Owner's equity = ________? + ________? - ________?

I need answers for this question. Please help!




A: I'm not gonna answer this question.

I'll give you a little clue at least though: note that in this question they are not looking for just 2 items in the answer. They are looking for 3.

Owner's equity must equal: 1)__________ + 2)__________ - 3___________.

Now see if you can figure it out!

Check the answers in the comments section below - well done to Simphiwe and Accounting Prof, both of whose answers are correct. ;-)

Best,
Michael Celender
Founder of Accounting Basics for Students


Related Questions & Tutorials:

• Accounting Equation Exercise: Fill in the Blank
• More Accounting Equation Questions and Answers
• Basic Accounting Test (Multiple Choice Quiz)
• Tutorial on the Statement of Owner's Equity

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