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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