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Where would you put the following items in a Balance Sheet of a business enterprise? a) The owner's house, where the office of the
Where would you put the following items in a Balance Sheet of a business enterprise? a) The owner's house, where the office of the business works: b) The office building, owned by the business enterprise: c) The office rented by the business enterprise: d) A building, owned by the business enterprise, rented out to another company: e) A digging machine at a mining company: f) A digging machine at a machine tool producer company: g) A loan the business got from a bank: h) The amount of capital the owners of the business enterprise invested: i) The amount of capital the business enterprise invested in another company: j) An employee of the business enterprise: Assignment 2: For a Fish and Chip shop, indicate which of the following items are current liabilities, which are current assets and which are non-current assets. a) Microwave oven: b) 2,000 kilos of "King Banana" potato: c) Cash register: d) Amount owing to the Fat Fishy Company Ltd.: e) Capital investment of Mr. Vincent Greasy, owner: f) Mrs. Greasy's pearl necklace and gold wristwatch: g) 250 pieces of Mackerel: h) Loan from Mr. Greasy's father, repayable in two years' time: i) Shop rented from a property company:
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