Resources owned and controlled by a business are classifi...
Resources owned and controlled by a business are classified as
Assets
Capital
Liabilities
Drawings
Correct answer is A
Assets are the resources or properties of a business organization e.g. land and building, premises, motor van etc. It is calculated as Asset =Capital + Liabilities.
Total production cost- #360,000 Factory overhead cost- #56,000 Selling price per unit- #120 Produ...
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