Classify the following items into fixed assets, current assets and current liabilities for a garage: Electronic tuning
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Classify the following items into fixed assets, current assets and current liabilities for a garage:
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Electronic tuning equipment Money owed to BP plc Second-hand cars on forecourt Typewriters Breakdown vehicle Petrol Fixed asset Current asset Current liability
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In accounting assets and liabilities are classified into different categories on the balance sheet to provide a clear picture of a companys financial ...View the full answer
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