A. Business assets will always equal business liabilities True/False
why is this false?
(source: kaplan revision kit)
Ask the Tutor ACCA FA
A. Business assets will always equal business liabilities True/False
3y ago#1The assets are equal to the liabilities plus the capital.
This is all explained in my free lectures - they are a complete free course for Paper FA and cover everything needed to be able to pass the exam well.
There is little point in attempting questions in your Revision Kit until you have finished studying all of the topics.
according to what you are saying why is this false as well?
"Business assets will always exceed business liabilities"
(I meant exam kit)
Thank you
3y ago#3The assets will usually exceed the liabilities, but not if the capital is negative because they have been making losses.
Have you watched our free lectures?
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