Assets, Liability and Owner's Equity - Part 3

Items of value owned by business

• Assets

• Liabilities

• Owner's Equity

Amounts owed by the business to external parties

• Assets

• Liabilities

• Owner's Equity

Resources contributed by the owner to the business

• Assets

• Liabilities

• Owner's Equity

Motor Vehicle

• Assets

• Liabilities

• Owner's Equity

Bank

• Assets

• Liabilities

• Owner's Equity

Machinery

• Assets

• Liabilities

• Owner's Equity

Loan from UOB Bank

• Assets

• Liabilities

• Owner's Equity

Trade Payables

• Assets

• Liabilities

• Owner's Equity

Capital

• Assets

• Liabilities

• Owner's Equity

Drawings

• Assets

• Liabilities

• Owner's Equity