Classify the following items into liabilities and assets: (a) Computers (b) Buildings (c) Trade payables (d) Inventory
Question:
Classify the following items into liabilities and assets:
(a) Computers
(b) Buildings
(c) Trade payables
(d) Inventory
(e) Trade receivables
(f) Cash in bank
(g) Bank overdraft
(h) Loan from bank
(i) Vans
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Theres how you can classify these items Assets Computers Buildings Invent...View the full answer
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Related Book For 
Frank Woods Business Accounting An Introduction To Financial Accounting
ISBN: 9781292365435
15th Edition
Authors: Alan Sangster, Lewis Gordon, Frank Wood
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