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  3. classify each item as an asset, liability or owner

Classify each item as an asset, liability or owners equity. Accounts...

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Accounting

  1. Classify each item as an asset, liability or owners equity.

  1. Accounts receivable
  2. Prepayment
  3. Fixed Deposit
  4. Equipment
  5. Drawing
  6. Advertising expenses
  7. Commission received
  8. Investment
  9. Hire Purchase Loan
  10. Hire Purchase Loan

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