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- Created by: jf00632
- Created on: 09-01-19 14:24
1. Which of the following is correct?
- Liabilities + capital= Assets
- Capital= Assets + liability
- Assets + capital = Liabilities
- Assets - captial = liabilites
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Other questions in this quiz
2. What would creditors be classified as?
3. What would a loan taken by the business that is repayable in 5 years be classified as?
4. Which of the following is a liability of a firm?
- Equipment that the business owns
- Money owed by a debtor
- Overdrawn balance on the business bank account
- Cash in the till
5. What would cash in the till register be classified as?
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