Amir has a consultancy business that he runs from rented offices. The following are descriptions of some

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Amir has a consultancy business that he runs from rented offices. The following are descriptions of some of the items in his balance sheet. For each item fill in the adjacent box with Fixed asset. Current asset. Long-term liability or Current liability.

Value added tax (VAT) payable to Customs and Excise Office computer Amount due from Lomax pic for consultancy work carried out by Amir Bank overdraft Bank loan to be repaid in three years' time Amount payable to stationery supplier

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