Question

16.
State whether the following statements are true or false :
() Creditors are current liabilities
(ii) Income = Expenses - Revenue
(ii) Liability = Assets + Capital
(iv) Intangible Assets are those assets which do not have physical existence
(v) Amount owed to outsiders is called capital.
wing site​

Answer 1

Answer:

i True

ii False

iii False

iv True

v False