Question

2. Classify the following into Assets, Capital, Expenses/Losses and
Revenue/Gains under Accounting Equation Method
(a) Furniture Account
(b) O/S Rent Alc
(c) Bad debt Account
(d) Interest Receivables Alc
(e) Rent received in advance
(1) Prepaid salary Account
(g) Capital Account
(h) Bills Payable Account
(i) Investment Account
6) Capital Account
(k) Bank Overdraft Account
(1) Debtors Account
the folloin
tendor medor Custom​

Answer 1

Answer:

Answer :

Assets- (i) ; (ii) ; (iii) ; (vii) ; (xii) , (xv) ; Liabilities - (vi) , (viii) ; Capital- (x) ; Expenses - (v) ; (ix) ; (xi) ; (xiii) ; (xiv) ; (xvi) , Revenue - (iv).