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Bus Man

QuestionAnswer
Fixed Assets means Assets with a life of more than one year
Debtors means People or businesses that owe money to an organisation
Mortgage means Long-term loan based on using property as security
Assets means Items in a balance sheet that an organisation owns or is owed
Balance Sheet means Statement showing the financial position of an organisation
Drawings means Money or assets taken out of a business for the owner's use
Current Liabilities means Debts that a business must pay in the short term
Created by: rory
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