Alexander's business manufactures and sells biscuits to supermarkets and grocery shops. Below are descriptions of some of
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Alexander's business manufactures and sells biscuits to supermarkets and grocery shops. Below are descriptions of some of the items in his balance sheet. For each item fill in the adjacent box with ‘Asset’ or ‘Liability’.
Cash kept in a tin in the factory office Oven Bank loan, repayable over 5 years Plastic packaging for biscuits Flour and sugar Amounts payable to supplier of dried fruit
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Related Book For
Financial Accounting For Non Specialists
ISBN: 9781844802050
2nd Edition
Authors: Catherine Gowthorpe
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