Assets
Non-current and current assets are resources owned by the business.
CAIE IGCSE Business 0264 - Paper 2
Why it’s here: Assets, liabilities, equity and interpreting a business financial position.
The main ideas to know for 5.4 Statement of financial position.
Non-current and current assets are resources owned by the business.
Current and non-current liabilities are amounts owed by the business.
Owner or shareholder funds represent the residual interest in the business.
The statement shows what the business owns, owes and how it is financed.
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