Loose tools is debit or credit
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Loose tools in accounting are also known as current assets. One may find it in the balance sheets that may be produced for the business. This term is used to describe the effects of transforming prepaid insurance and existing stock within the business into physical cash. ... Loose tools always come under current asset.
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Answered by
0
Answer:
Loose tools in accounting are also known as current assets. One may find it in the balance sheets that may be produced for the business. This term is used to describe the effects of transforming prepaid insurance and existing stock within the business into physical cash. ... Loose tools always come under current asset
Explanation:
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