Question

Q#2. determine whether these statements are true or false Bank overdraft is a current liability. Bills payable is a current liability. Notes payable is a current Assets. Mortgage loan is a fixed asset. Accounts receivable is an Owners equity. Drawings are less from liabilities. Net profit always add in liabilities. Investment always treated as a current liability. Expenses payable always treated as current/ fixed assets. Good will, closing balance, notes receivable, and bank loan always part of final accounts in the assets side as a fixed assets and liabilities.

Answer 1

Answer:

Your question are wrong please check it