1. Mark the active and passive items in the list (marking with A or P) Goods in stock Spare parts 1 2 3 4 10 5 16 Overpayment of taxes Money in the current account Advance payments made by buyers Share capital 7 8 9 10 11 12 Trade payables Reserve capital Debt to suppliers Debt for wages Retained earnings Vehicles

1. Mark the active and passive items in the list (marking with A or P) Goods in stock Spare parts 1 2 3 4 10 5 16 Overpayment of taxes Money in the current account Advance payments made by buyers Share capital 7 8 9 10 11 12 Trade payables Reserve capital Debt to suppliers Debt for wages Retained earnings Vehicles

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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