What a company owns is known as assets and what a company owes is known as expenses.
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Q9: Non-current liabilities include long-term borrowings such as
Q10: Inventory,trade receivables and cash are classified as:
A)
Q11: Corporation tax payable would be classified as:
A)
Q12: An example of a long-term asset is:
A)
Q13: Non-current assets include inventories and trade receivables.
Q15: An example of a current asset is:
A)
Q16: The accounting equation can be stated as:
A)
Q17: A company is said to be 'high
Q18: A company with a high current ratio
Q19: The main purpose of financial accounting information
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