Business Basics

What category does 'land' go in?

• Assets

• Liability

• Capital

Money invested in a company by its owner is considered as what?

• Asset

• Liability

• Capital

True or False- Liabilities can ONLY be short term

• True

• False

Money OWED by a company is considered as what?

• Asset

• Liability

• Capital

True or False- Assets can be current or fixed.

• True

• False

Money owed TO your company is considered as what?

• Asset

• Liability

• Capital