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Commerce · Q449

Miscellaneous in Commerce

Graduate and Post Graduate · Commerce · question 449

Q449

Which of the following statements are false?

A.
All liability is a debt for your business
B.
Debtors are asset for business
C.
The accounting equation shows how much of your assets belong to the owner, and how much belong to people outside business
D.
None of the above
Answer

Answer: Option D

Solution

Answer: Option D
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