BUSINESS ADMINISTRATION
FINANCIAL MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Which of the following is the correct example of asset and liability?
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Asset:Loan Liability:Credit card debts
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Asset:Tax Liability:Real estate
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Asset:Unit trust Liability:Instalment balance
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Asset:Saving Liability:Property
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Explanation:
Detailed explanation-1: -Assets include physical items such as machinery, property, raw materials and inventory, and intangible items like patents, royalties and other intellectual property.
There is 1 question to complete.