Classify the following into assets or liabilities: (a) Amount that business will need to pay another business
Question:
Classify the following into assets or liabilities:
(a) Amount that business will need to pay another business for purchases of equipment
(b) Cash in bank account
(c) Balance on savings account
(d) Bill paid in advance
(e) Amount due to be paid in next month for business rates
(f ) Delivery van.
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Related Book For
Frank Woods Business Accounting Basics
ISBN: 9780273725008
1st Edition
Authors: Frank Wood, Mr David Horner
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