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Asset or Liability?
Question | Answer |
---|---|
Furniture | Asset |
Bank loan | Liability |
Debtors | Asset |
Inventory | Asset |
Loan to Peter Perfect | Asset |
Mortgage loan | Liability |
Machinery | Asset |
Bank overdraft | Liability |
Creditors | Liability |
Bank account | Asset |
Land and buildings | Asset |
Loan from Trish Mottif | Liability |