BUSINESS ADMINISTRATION
FINANCIAL ACCOUNTING
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Which of the following is a liability?
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Machinery
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Creditors for goods purchased
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Motor vehicles
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Cash at bank
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Explanation:
Detailed explanation-1: -Goods purchased on credit generates creditors in the books of account. Sundry creditors are considered current liability. Was this answer helpful?
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