Answer Posted / prsnmk20
these are not real liabillity. future event can be
decide wheter it is a liabillity or not due to their
uncertainity
for eg ; bill discounting
| Is This Answer Correct ? | 17 Yes | 4 No |
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How Many Accounting Principale
The following are the list of Balances of SUNSHINE Company as at 1.2.2012 RM Land and building 450,000. Furniture and Fittings 35,000. Office Equipment 25,000. Motor Vehicles 75,000. Inventory 5,000. Trade Receivables 12,000. Trade Payables 8,000. Bank Loan 200,000. Bank 13,000. Cash in Hand 1,000. Capital 408,000.
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