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A. Business assets will always equal business liabilities True/False

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FA – FIA FFA › A. Business assets will always equal business liabilities True/False

  • This topic has 3 replies, 2 voices, and was last updated 2 weeks ago by John Moffat.
Viewing 4 posts - 1 through 4 (of 4 total)
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    Posts
  • May 17, 2023 at 1:35 pm #684506
    alll
    Participant
    • Topics: 7
    • Replies: 11
    • ☆

    A. Business assets will always equal business liabilities True/False
    why is this false?

    (source: kaplan revision kit)

    May 17, 2023 at 4:07 pm #684516
    John Moffat
    Keymaster
    • Topics: 56
    • Replies: 52529
    • ☆☆☆☆☆

    The 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.

    May 17, 2023 at 4:49 pm #684518
    alll
    Participant
    • Topics: 7
    • Replies: 11
    • ☆

    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

    May 18, 2023 at 7:48 am #684566
    John Moffat
    Keymaster
    • Topics: 56
    • Replies: 52529
    • ☆☆☆☆☆

    The 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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