Which items from the following list are liabilities of Annes Mini Market? Stock Money owed
Question:
Which items from the following list are liabilities of Anne’s Mini Market? ■ Stock ■ Money owed to Kelloggs for the supply of breakfast cereals ■ A van used for collecting goods from the local cash and carry ■ An HP debt owed to Bent Finance Ltd for a van purchase ■ Three freezer cabinets ■ Six display units ■ Money owed by the Crown Hotel for goods supplied by Anne
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Liabilities are obligations or debts that a business owes to other parties Looking at the list provi...View the full answer
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Mark Odhiambo Odero
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