Other questions in this quiz

2. What would creditors be classified as?

  • CA
  • FA
  • CL
  • LTL

3. What would a loan taken by the business that is repayable in 5 years be classified as?

  • LTL
  • CA
  • CL
  • FA

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?

  • CL
  • CA
  • LTL
  • FA

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