1 1 3 Bocx
-
125%
1.2A Complete the gaps in the following table:
Assets
Liabilities
Capital
55,000
?
36,100
119,500
88,000
?
16.900
17,200
7
15,400
2
34.400
28,500
7
62,000
110,000
49,000
OG SO SOCO
1.3 Which of the items in the following list are liabilities and which of them are assets?
(a) Loan from A. Sangster
(b) We owe a supplier
(c) Equipment
(d) Bank overdraft
(e) Inventory of goods held for sale
(f) Loan to F. Wood
1.4A Classify the following items into liabilities and assets:
(a) Motor vehicles
(6) Premises
Accounts payable for inventory
(d) Inventory
(e) Accounts receivable
(1) Owing to bank
(9) Cash in hand
(h) Loan from D. Jones
0) Machinery
1.5 State which of the following are wrongly classified:
ENO
IN
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