Business Studies, asked by mufradhossain43, 1 month ago

Q3. Classify the following items into liabilities and assets:
(a) Motor vehicles
(f) owing to bank
(b) Factory
(g) Cash in hand
(c) Creditors for goods
h) Loan from R Roars
(d) Inventory
(i) Machinery
e) Accounts receivable

Answers

Answered by bhartijindal14

0

Explanation:

The items is classified as :

Assets:

Motor vehicles

Factory

Cash in hand

Inventory

Machinery

Accounts Receivable

Liabilities:

Owing to bank

Creditors for goods

Loan from R Roars

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