Classify the following into assets or liabilities: a) Business premises b) Bank overdraft c) Money owed by
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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.
Assets | Liabilities |
Related Book For
College Accounting
ISBN: 978-1111528126
11th edition
Authors: Tracie Nobles, Cathy Scott, Douglas McQuaig, Patricia Bille
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