Accounting for IGCSE & O level - Accounting Procedures (Section 27 - No. 3)

Which of the following are examples of non-current assets?

Accounts Receivable

Inventory

Equipment

Land

Explanation

Non-current assets are held for long-term use and are not expected to be converted to cash within the year. Accounts receivable and Inventory are not considered non-current assets.

Accounting for IGCSE & O level - Accounting Procedures (Section 27 - No. 3)

Explanation

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