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» 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.


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