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Question 3 You are required to: Classify the following items into assets, liabilities and capital. a. Loan from A. Sangster b. Trade receivables c. Accounts

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Question 3 You are required to: Classify the following items into assets, liabilities and capital. a. Loan from A. Sangster b. Trade receivables c. Accounts payable d. Stock of goods held for sale e. Premises f. Furniture and fixtures g. Bank overdraft h. Loan to F. Wood i. Business website j. Money brought in to start business (Total: 10 marks)

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