Worldly Wisdom Quiz
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Questions and Answers

What is the capital of France?

  • Berlin
  • Madrid
  • Rome
  • Paris (correct)

Who is the author of 'Romeo and Juliet'?

  • William Shakespeare (correct)
  • Mark Twain
  • Jane Austen
  • Charles Dickens

What is the largest ocean in the world?

  • Atlantic Ocean
  • Arctic Ocean
  • Pacific Ocean (correct)
  • Indian Ocean

What is the basic accounting equation?

<p>Assets = Liabilities + Equity (D)</p> Signup and view all the answers

What happens to the accounting equation when a company takes out a loan?

<p>Assets increase, liabilities increase (A)</p> Signup and view all the answers

How does a purchase of equipment with cash impact the accounting equation?

<p>Assets increase, other side of the equation remains balanced (B)</p> Signup and view all the answers

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