Question
Which of the following statements is false? a liability is a debt for your business b. the accounting equation shows how much of your assets
Which of the following statements is false?
a liability is a debt for your business
b. the accounting equation shows how much of your assets belong to the owner, and how much belong to people outside the business
c. if an item does not have future economic benefits, it should not be kept as an asset
d. none of the above
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Financial Accounting IFRS Principles
Authors: Ilse Lubbe, Goolam Modack, Shelly Herbert
5th Edition
0190746920, 978-0190746926
