ASSETS AND LIABITIES

a) The fridges bought by Danni that are used to keep the drinks cold.

• ASSET

• LIABILITY

b) Bottles and cans of drinks held for sale.

• ASSET

• LIABILITY

c) Two boxes of crisps that are out of date and could not be sold.

• ASSET

• LIABILITY

d) The van that Danni bought from Veni Vans.

• ASSET

• LIABILITY

e) The till used to record the takings and store the cash taken.

• ASSET

• LIABILITY

f) The amount owed by a customer who buys drinks on credit.

• ASSET

• LIABILITY

g) The business’ bank overdraft.

• ASSET

• LIABILITY