Classify the following items into liabilities and assets (a) Motor vehicles (b) Premises (c) Creditors for goods (d) Stock of goods (e) Debtors (f) Owing to bank (g) Cash in hand (h) Loan from D Jones (i) Machinery ...

Classify the following items into liabilities and assets: (a) Motor vehicles (b) Premises (c) Creditors for goods

Question:

Classify the following items into liabilities and assets:

(a) Motor vehicles

(b) Premises

(d) Stock of goods

(e) Debtors

(f) Owing to bank

(g) Cash in hand

(h) Loan from D Jones

(i) Machinery

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Frank Woods Business Accounting Volume 1

ISBN: 9780273681496

10th Edition

Authors: Frank Wood, Alan Sangster

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Question Posted: Aug 19, 2023 06:10 AM

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Classify the following items into liabilities and assets: (a) Motor vehicles (b) Premises (c) Creditors for goods

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Assets a Motor vehicles b Premises d Stock of goods e De...View the full answer

Frank Woods Business Accounting Volume 1

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