Accounting 0.0 / 5 ? AccountingStuffASAQA Created by: kylerobertCreated on: 09-09-14 19:45 Assets What THE BUSINESS OWNS it can be Non Current < 1 year or current 1 of 6 Expenses On going payments e.g Wages, rent ect 2 of 6 Drawings PERSONAL USE (Taking money out for personal things) E.g Holidays 3 of 6 Capital Investment made by owners 4 of 6 Liability OWE money (must be paid back) DEBT must be paid back in Long or short term payments e.g loan/morgage 5 of 6 Revenue Earned through selling goods 6 of 6
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