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Classify the following items into current assets, noncurrent assets and current liabilities.         (6 marks) i.Inventory ii.Furniture...

Classify the following items into current assets, noncurrent assets and current liabilities.        
i.Inventory
ii.Furniture and fittings
iii.Accounts
iv.receivables
v.Bank overdraft
vi. Land and buildings
vii.Accounts payables

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Answer #1

The answer has been presented in the supporting sheet. For detailed answer refer to the supporting sheet.

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