27-Which of the following is the account group in which physical assets acquired for use in business activities and with an estimated useful life of more than one year are followed ? a)22 Trade Receivables Account Group B)24 Financial Fixed Assets Account Group NS)12 Trade Receivables Account Group D)23 Other Receivables Account Group TO)25 Tangible Assets Account Group

Answered: Which of the following is the account…

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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27-

Which of the following is the account group in which physical assets acquired for use in business activities and with an estimated useful life of more than one year are followed ?

a)	22 Trade Receivables Account Group

B)	24 Financial Fixed Assets Account Group

NS)	12 Trade Receivables Account Group

D)	23 Other Receivables Account Group

TO)	25 Tangible Assets Account Group

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The assets and liabilities on a particular date are shown in the balance sheet.

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