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Which should be classified as current liabilities

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Reference no: EM132761281

Problem 1: Which of the following should be classified as current liabilities?

a) Trade receivables
b) Sales tax
c) Trade payables
d) Drawings

Problem 2: Which of the following is part of accounting process?

a) Coding
b) Falsifying economics events
c) Communicating
d) Recording business transactions

Reference no: EM132761281

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