Cash Tangible Assets Notes Payable Саpital Income Prepaid Expenses Inventories Long term Investments Current Liabilities Еxpense 1. It is a medium of exchange on business transactions. 2. These are...

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Extracted text: Cash Tangible Assets Notes Payable Саpital Income Prepaid Expenses Inventories Long term Investments Current Liabilities Еxpense 1. It is a medium of exchange on business transactions. 2. These are the bills paid in advance. 3. These are the assets / resources that are held for resale. _4. These are the investments of the firm made for long term purposes. _5. These are obligations that reach their due dates for payments within one year after the year-end date. _6. Examples of this are cash, supplies and furniture and fixtures. _7. Debts that are supported with written notes or promises. _8. These are worth of cash and other assets invested in the business. _9. It is the increase in resources resulting from the performance of service or selling of goods. _10.lt is the decrease in resources resulting from the operations of the business.