U6 Compute Accounting Equation

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Last updated 2:33 PM on 5/20/26
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9 Terms

1
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Office equipment

Printer/DVD player/refrigerator

2
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Office Furniture

Table/chair/sofa

3
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Fixture & Fittings

Shop fitting/lighting/decoration/accessory/aircon

4
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Machinery

Any machine except fax machine/photocopier machine (office equipment)

5
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Land and buildings

Land/office/factory/warehouse

6
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Motor Vehicle

Delivery van/truck/motor car

7
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Trade payable

“Issued invoice amount”, "Received invoice amount”

8
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Trade receivable

“Yet to receive”

9
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Bank loan

Borrowed from ___