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Which of the following will increase the current liabilities of a partnership at the end of a financial year? Rent received for the next financial year Telephone account due to be paid on the first day of the next financial year Interest earned on fixed deposit but receivable in the next financial year iv) A portion of a non-current debt that is payable in the next financial year O A.), i) and iv) B. i), i) and i). OC.i) and ii only D. i), i) and iv)

Which of the following will increase the current liabilities of a partnership at the end of a financial year? Rent received for the next financial year Telephone account due to be paid on the first day of the next financial year Interest earned on fixed deposit but receivable in the next financial year iv) A portion of a non-current debt that is payable in the next financial year O A.), i) and iv) B. i), i) and i). OC.i) and ii only D. i), i) and iv)

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Which of the following will increase the current liabilities of a partnership at the end of a financial year? Rent received for the next financial year Telephone account due to be paid on the first day of the next financial year ii) Interest earned on fixed deposit but receivable in the next financial year A portion of a non-current debt that is payable in the next financial year A. i), ii) and iv) B. i), i) and iD). C.) and ii) only D. i), iii) and iv)
Transcribed Image Text:Which of the following will increase the current liabilities of a partnership at the end of a financial year? Rent received for the next financial year Telephone account due to be paid on the first day of the next financial year ii) Interest earned on fixed deposit but receivable in the next financial year A portion of a non-current debt that is payable in the next financial year A. i), ii) and iv) B. i), i) and iD). C.) and ii) only D. i), iii) and iv)
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