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I would like to know that (1),(2)and(3) are Liability or asset. 1) The purchase by a business A of a machine that will save $10000
I would like to know that (1),(2)and(3) are Liability or asset.
1) The purchase by a business A of a machine that will save $10000 per annum. It's curently being use by business A, but it has been acquired on credeit and it's not pay yet
2)Business A has guaranteed a manager's personal loan of $100000. The manager has maintained the account in good order and $ 79,000 is curently owing.
3) The hiring by bisuness A of a new marketing director who is confidently expected to increase profit by at least 30% over the next three years.
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