Question: Typical classifications of liabilities on the balance sheet include: payables; interest-bearing liabilities; deferred tax liabilities; and provisions. The equity classifications for large entities are: share

Typical classifications of liabilities on the balance sheet include: payables; interest-bearing liabilities; deferred tax liabilities; and provisions. The equity classifications for large entities are: share capital; reserves; minority interests; and retained earnings. Categorise the following items:

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a Other creditors PAYABLES b Contributed capital SHARE CAPITAL ... View full answer

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