Question

14 Classify the following accounts into Assets, Liabilities, Capital, Income
and Expenses
a) Buildings A/C
b) Computers Alc
c) Bank Loan Alc
d) Machinery Alc
e) Rent Paid Alc
f)Commission Received Alc
g)Capital Alc
h) Salary Alc
I) Sales Alc
D) Purchases Alc
k) Creditors Alc
1) Drawings Alc​

Answer 1

Answer:

and Expenses

a) Buildings A/C

b) Computers Alc

c) Bank Loan Alc

d) Machinery Alc

e) Rent Paid Alc

f)Commission Received Alc

g)Capital Alc

h) Salary Alc

I) Sales Alc

D) Purchases Alc

k) Creditors Alc

1) Drawings Alc