Accounting for IGCSE & O level - Preparation Of Financial Statements (Section 18 - No. 45)
What is included in the liabilities section on a partnership's Statement of Financial Position?
Accounts payable.
Loans from banks.
Partner's capital.
Unearned revenue.
Explanation
Liabilities include amounts owed such as accounts payable, loans from banks, and unearned revenue.
Comments (0)
