Q1 for F3

anneyy · 发表于 2007-8-14 22:19:04

which of the following is a liability of a  firm?

a. building owned by the firm
b. cash in the firm's bank
c. money owed by its debtor for sales
d. money owed to the creditor for purchases.

answer : d

a is fixed assets .b is current ,

the imorptant piont how to distinguish  c & d

actually , debtor is as assets, creditor is as liability

however , on the other hand , pay attention  some words like "by""to" .maybe the answer will be different ~

caoqin1981 · 发表于 2008-3-19 00:46:41

C for the firm is the account receivables belong to asset

Candy唯 · 发表于 2008-3-30 21:39:19

bunny_123 · 发表于 2008-11-4 22:39:49

owed to AND　owed by . YES , SO different

丹水楠 · 发表于 2010-2-1 09:20:00

刚刚发现一帖介绍世界各地“怪”酒店的文章，真是只有人想不到没有人做不到啊，大家要去看看哦，小爽中~~~~~飘过！！！！

aeroknight · 发表于 2010-2-26 22:43:37

i've learnt so much

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