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Question 1 Classify the following items into liabilities and assets. We owe a supplier Equipment Bank overdraft Account payable for inventory Machinery Warehouse Cash in
Question 1
Classify the following items into liabilities and assets.
- We owe a supplier
- Equipment
- Bank overdraft
- Account payable for inventory
- Machinery
- Warehouse
- Cash in hand
- Motor vehicles
- Loan to J.Jack
Computers
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