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Classify the accounts into assets, liabilities,capital,expenses and revenue a)capital account |
Answer» questionclassify the ACCOUNTS into assets, liabilities,capital,expenses and revenue a)capital account Answer: Classify the following into assets, liabilities, capital, revenue, and expenses: (i) Plant and Machinery; (ii) BANK Loan; (iii) Sales; (iv) RENT; (v) Discount Received; (vi) Carriage INWARDS; (vii) Carriage Outwards; (viii) Purchases;(ix) Bills Payable; (X) Wages; (xi) Advance Income; (xii) Accrued Income;(xiii) Goodwill; (xiv) Furniture and Fixtures |
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