Adrian owns and runs a restaurant. The following are descriptions of some of the items in his
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Adrian owns and runs a restaurant. 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.
Restaurant tables Wages owed to waiter Bank account containing £3850 Tax bill due to Inland Revenue Restaurant premises Mortgage (i.e. loan) from bank to buy restaurant premises Food supplies in kitchen fridges Amounts due to baker for bread supplied over the last month
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Related Book For
Financial Accounting For Non Specialists
ISBN: 9781844802050
2nd Edition
Authors: Catherine Gowthorpe
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