Accounting for IGCSE & O level - The Fundamentals Of Accounting (Section 5 - No. 19) | ExamPlay

Accounting for IGCSE & O level - The Fundamentals Of Accounting (Section 5 - No. 19)

What represents the debts a business owes to other people?

Assets

Equity

Liabilities

Owner

Explanation

Liabilities are the debts of the business.

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