ASSET, LIABILITIES AND CAPITAL. Flashcards
1
Q
A
Anything a business owns is called an asset
2
Q
A
Land & Building
3
Q
A
Equipment
4
Q
A
Motor Vehicles
5
Q
A
Cash at bank
6
Q
A
Accounts receivable (debtors)
7
Q
A
Premises
8
Q
A
Machinery
9
Q
A
Office machinery
10
Q
A
Cash in hand
11
Q
A
Furniture
12
Q
A
Freehold property Computer equipment
Office equipment
Petty cash
