Book Keeping May/June 2015

Question 3

  • Explain the following giving examples in each case:
  1. fixed assets;
  2. current assets;
  3. long-term liabilities;
  4. current liabilities;
  5. intangible assets.

 

Observation

Majority of the candidates attempted this question and the performance was quite impressive as most of them gave the appropriate answers to the questions.