Which of the following would you say is the essential quality of an asset? (a) The business
Question:
Which of the following would you say is the essential quality of an asset?
(a) The business should own it
(b) It should be possible to see, feel and use it
(c) It should bring economic benefit to business even after current accounting period
(d) It should be possible to sell it
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Related Book For
Financial Accounting An Introduction
ISBN: 9780273737650
2nd Edition
Authors: Mr Barry Elliott, Mr Augustine Benedict
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