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 , (xv) Outstanding Expenses , (xvi) Capital .

Classify the following into Assets , Liabilities , Capital , Revenue a

1.	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 , (xv) Outstanding Expenses , (xvi) Capital .
Answer» Answer :Assets- (i) , (xii) , (xiii) , (xiv) ; Liabilities- (ii) , (ix) , (XI) , (xv) ; CAPITAL - (xvi) ; REVENUE- (iii) , (v) ; Expenses- (iv) , (vi) , (vii) , (VIII) , (X).

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