Classify the following as an income, an expense, an asset, or a liability: (a) Friend owes business

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Classify the following as an income, an expense, an asset, or a liability:

(a) Friend owes business money

(b) Football club's gate receipts

(c) Petrol used by a car

(d) Photocopier

(e) Sales

(f) Telephone bill outstanding (g) Long-term loan (h) Cash (i) Wages (j) Capital

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Financial Accounting

ISBN: 9780470058985

1st Edition

Authors: Michael J. Jones

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Question Posted: Jun 24, 2024 02:03 AM

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Classify the following as an income, an expense, an asset, or a liability: (a) Friend owes business

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Financial Accounting

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