Which of the items in the following list are liabilities and which of them are assets?
a) Loan to C Shirley b) Computers
c) Bank Overdraft d) We owe a supplier for goods
e) Fixtures and fittings e) Warehouse we own
Answers
Answered by
8
Answer:
a) Assets
b) Assets
c) Liability
d) Liability
e) Assets
f) Assets
Answered by
0
Answer:
The shares forfeited will be recorded under the head of Reserve and Surplus in the balance sheet (liability side). The shares forfeited is established when the company cancels the shares of the shareholder due to non- payment of call money or allotment money.
Explanation:
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