Classify the following into assets or liabilities: (a) Amount that business will need to pay another business

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Classify the following into assets or liabilities:

(a) Amount that business will need to pay another business for purchases of equipment

(b) Cash in bank account

(c) Balance on savings account

(d) Bill paid in advance

(e) Amount due to be paid in next month for business rates

(f ) Delivery van.

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Frank Woods Business Accounting Basics

ISBN: 9780273725008

1st Edition

Authors: Frank Wood, Mr David Horner

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Question Posted: Mar 08, 2024 07:02 AM

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Classify the following into assets or liabilities: (a) Amount that business will need to pay another business

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Frank Woods Business Accounting Basics

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