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Posted: December 3rd, 2022

Which of the following statements are false

Which of the following statements are false?*a) A liability is a debt for your business.b) Debtors are a debt for your business.c) The accounting equation shows how much of your assets belong to the owner, and how much âbelongâ to people outside the business.d) If you cannot work out a value for an item that will bring you future benefits, then you cannot keep this as an asset in your records.e) None of the above

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