Solution 2.1

Solution 2.1

Indicate, by circling the correct classification, whether each of the following are assets or liabilities

Loan from AIF	Asset	Liability
Motor vehicles	Asset	Liability
Office equipment	Asset	Liability
Stock of goods	Asset	Liability
Cash	Asset	Liability
Bank Overdraft	Asset	Liability
Debtors	Asset	Liability
Creditors	Asset	Liability