i Operating machines
ii Furniture
iii Fixtu...
i Operating machines
ii Furniture
iii Fixtures and fitting
iv Loan from friends
V Creditors
What are the current liabilities?
i and ii
iv and v
iii and v
ii and iv
Correct answer is B
Current Liabilities = Notes payable + Accounts payable + Accrued expenses + Unearned revenue + Current portion of long term debt + other short term debt.
From the question above, Loans from friends and creditors are liabilities the rest are assets
In the operation of an imprest of petty cash, the ...
A debit in the suspense accounting will appear in the balance sheet as? ...
\(\begin{array}{c|c} & ₦ \\ \hline \text{Opening stock of raw materials} & 24,750\\ \tex...
Credit purchases are always put at 150% of the total cash paid to suppliers Determine the c...
A trader bought goods worth #16,000 and sold three-quarter of it for #20,000 The margin would be ...
Use the following information to answer the given question \(\begin{array}{c|c} & N \\ \hline...