Classify the following into assets or liabilities: (a) Business premises (b) Bank overdraft (c) Money owed by
Question:
Classify the following into assets or liabilities:
(a) Business premises
(b) Bank overdraft
(c) Money owed by others to the business
(d) Equipment owned by the business
(e) Mortgage on premises
(f ) Cash held in till
(g) Unpaid bill.
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Related Book For
Frank Woods Business Accounting Basics
ISBN: 9780273725008
1st Edition
Authors: Frank Wood, Mr David Horner
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