Non-current assets: Vehicles, Fixtures and Fittings, Premises, Equipment, Items owned by a business which will be used over a period of more than 1 year., Current Assets: closing inventory, trade receivables, money in the bank, cash in hand, items the business will be used within 1 year, Non-current liabilities: Money the business owes in the long term i.e. repaid over more than 1 year, bank loan, mortgage, Current Liabilities: Amounts to be repaid within 1 year, overdraft, trade payables,

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