1.

Classify the following into Assets , Liabilities , Capital , Expenses and Revenue : (i) Land , (ii) Investments , (iii)Building , (iv) Interest Received , (v) Salary , (vi) Bank Overdraft , (vii) Debtors , (viii) Creditors , (ix) Bad debts , (x) Capital , (xi) Depreciation , (xii) Motor Vehicles , (xiii) Freight , (xiv) Wages , (xv) Goodwill , (xvi) Repairs .

Answer»


ANSWER :Assets- (i) ; (II) ; (iii) ; (vii) ; (xii) , (xv) ; LIABILITIES - (vi) , (viii) ; Capital- (x) ; Expenses - (v) ; (IX) ; (xi); (xiii) ; (xiv) ; (xvi) , Revenue - (iv).


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