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Question 3: Put a tick to the correct box. (2 marks for each correct entry) Non-current asset Current asset Current liability Item Bank loan
Question 3: Put a tick to the correct box. (2 marks for each correct entry) Non-current asset Current asset Current liability Item Bank loan payable in 10yrs Vehicles 1 Inventories (stock) 1 Retained profit Insurance not yet paid Mortgage Buildings Cash Goods not yet paid for Wages owed to employees Shares Bought by external bodies Account receivable Accounts payable 1 1 1 1 1 1 1 1 1 Long-term liability capital 1 1
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