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List the errors you find in the following partial balance sheet Here are some tips 1 Fixed assets are long term assets that are tangible Intangible assets are assets that don t have any physical

List the errors you find in the following partial balance sheet: 

 

Here are some tips:

1

Fixed assets are long-term assets that are tangible. Intangible assets are assets that don't have any physical characteristics such as rights or advantages controlled by a company.

2

Under the going concern principle, assets must be stated at acquisition cost.

May 04 2021 View more View Less

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