Accounting 0452 · IGCSE · Accounting principles

Accounting principles — practice question

What does the term assets refer to?

  • Aamounts owed to a business: no; amounts owed by a business: no; items owned by a business: yes
  • Bamounts owed to a business: no; amounts owed by a business: yes; items owned by a business: yes
  • Camounts owed to a business: yes; amounts owed by a business: no; items owned by a business: yes
  • Damounts owed to a business: yes; amounts owed by a business: yes; items owned by a business: no

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