Resources owned and controlled by a business are classifi...
Resources owned and controlled by a business are classified as
Assets
Capital
Liabilities
Drawings
Correct answer is A
Assets are the resources or properties of a business organization e.g. land and building, premises, motor van etc. It is calculated as Asset =Capital + Liabilities.
Drawings made by a partner would be ...
A decrease in the provision for doubtful debts result in ...
Cost of extension to a factory building is classified as ...
Company tax paid is debited to ...
"Transactions are governed by legal principles, but are nevertheless accounted for and presente...
Which of the following will a supplier send to a customer whose invoice was undercast? ...