Which of the items in the following list are liabilities and which of them are assets? (a)

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Which of the items in the following list are liabilities and which of them are assets?

(a) Motor vehicle

(b) Amounts owed to us by customers

(c) Land

(d) Bank overdraft

(e) Inventory of goods held for sale

(f) Amounts owed by us to suppliers

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Frank Woods Business Accounting An Introduction To Financial Accounting

ISBN: 9781292365435

15th Edition

Authors: Alan Sangster, Lewis Gordon, Frank Wood

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Question Posted: Feb 29, 2024 09:00 AM

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Which of the items in the following list are liabilities and which of them are assets? (a)

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Frank Woods Business Accounting An Introduction To Financial Accounting

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