Here is a list of assets and liabilities and references to capital. Read through the list, and
Question:
Here is a list of assets and liabilities and references to capital. Read through the list, and then identify which items are assets, liabilities, capital.
Transcribed Image Text:
(a) Vehicle (k) Inventory (b) Shop fittings ) Trade receivables (c) Cash at bank (d) Bank loan (m) Bank overdraft (n) Trade payables (e) Owner's investment in the (0) Machinery business (O Cash in hand (g) Equipment (p) Loan from a friend (0) Value of owner's stake in the business h) Amounts owing to suppliers ) Amounts owed by customers i Furniture (s) Cash at bank O Land () Fittings
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Related Book For
Accounting For Cambridge International AS And A Level
ISBN: 9780198399711
1st Edition
Authors: Jacqueline Halls Bryan, Peter Hailstone
Question Posted:
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