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Classify the following into (i) Assets(ii) Liabilities(iii) Expenses and(iv) Revenues Sales, Bank balance, Debtors, Bank Overdraft, Creditors , Salary to manager, Discount to debtors, Cost of goods sold |
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Answer» SOLUTION :(i) Assets : BANK balance, Debtors (II) Liabilities : Bank OVERDRAFT, creditors (iii) EXPENSES : Salary to Manager, Discount to debtors, cost of goods sold. (iv) Revenues : Sales. |
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