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Cambridge IGCSE Accounting

1.2The accounting equation

The accounting equation in Cambridge IGCSE Accounting: what the syllabus expects you to know, the learning objectives and how to practise.
Subtopic40 practice questions2 lessons
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Learning objectives

What the syllabus expects you to be able to do.

  1. 1.2.1Explain assets, liabilities and owner's equity.
  2. 1.2.2State the accounting equation and apply it to find missing figures and show the effect of transactions.

Lessons

  • Basic accounting terms

    25 min

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  • The accounting equation

    30 min

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Sample question

A sample question on this topic. Answer it, check it, then read the worked answer.

The accounting equation: sample question

1 mark

A poultry project in Chinhoyi has assets of US$15,600 and liabilities of US$4,350. What is the owner's capital?

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