Wednesday, February 4, 2015

Accounting Terms Assets Q1

Q.
a) Define 'asset'. (5 marks)

b) List five (5) characteristics of non-current asset. (5 marks)

c) Explain two (2) differences between non-current asset and current asset. (5 marks)

d) Differentiate between capital and liability. (5 marks)

(20 marks, 2014 Q1)

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