Question

What are the five most important elements of accounting?

• A. Creditor, Loan, Expenses, Accounts, Revenue
• B. Creditor, Loan, Expenses, Assets, Revenue
• C. Capital, Loan, Expenses, Assets, Revenue
• D. Capital, Liabilities, Expenses, Assets, Revenue

Answer 1

The correct option is D

Capital, Liabilities, Expenses, Assets, Revenue

Capital, Liabilities, Expenses, Assets, Revenue