Question

3. Identify as revenues, expenses and expenditure
1. Rent Received
2. Salaries Paid
3. Cost of Raw Material
4. Furniture Purchased
5. Commission Received
6. Insurance Premium Paid
7. Machines Purchased
8. Advertising

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Answer 1

revenues: rent recieved, commission received

expenses : salaries paid, insurance premium paid

expenditure : cost of raw material, furniture purchased, machines purchased, advertising

Answer 2

revenues - 1 ,

Explanation:

expences-2

expenditure-345678