Stute whether the following are non-current assets, current assets, owner's equty. non-current liabilities, current liabilities, income or expenses (a) Premises (bi Long-term loans () Insurance (d) Dividends received (e) inventories O Capital n Bank overdrafts (g) Cash in hand (n) Motor vehicles ) Trade receivables O Trade payables (k) Fixtures and fittings (m) Machineries (n) Franchises

Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter6: Cash And Receivables
Section: Chapter Questions
Problem 13GI
icon
Related questions
Question
State whether the following are non-current assets, current assets, owner's equity
(a) Premises
(b) Long-term loans
() insurance
(d) Dividends received
(e) Inventories
OCapital
n Bank overdrafts
non-current liabilities, current liabilities, income or expenses
(g) Cash in hand
(n) Motor vehicles
) Trade receivables
O Trade payables
(k) Fixtures and fittings
(m) Machineries
(n) Franchises
Transcribed Image Text:State whether the following are non-current assets, current assets, owner's equity (a) Premises (b) Long-term loans () insurance (d) Dividends received (e) Inventories OCapital n Bank overdrafts non-current liabilities, current liabilities, income or expenses (g) Cash in hand (n) Motor vehicles ) Trade receivables O Trade payables (k) Fixtures and fittings (m) Machineries (n) Franchises
Expert Solution
steps

Step by step

Solved in 2 steps with 1 images

Blurred answer
Knowledge Booster
Double entry bookkeeping system
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
Intermediate Accounting: Reporting And Analysis
Intermediate Accounting: Reporting And Analysis
Accounting
ISBN:
9781337788281
Author:
James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:
Cengage Learning
Principles of Accounting Volume 1
Principles of Accounting Volume 1
Accounting
ISBN:
9781947172685
Author:
OpenStax
Publisher:
OpenStax College
College Accounting, Chapters 1-27
College Accounting, Chapters 1-27
Accounting
ISBN:
9781337794756
Author:
HEINTZ, James A.
Publisher:
Cengage Learning,