Question

8. Determine, if the following are Assets, Liabilities, Capital, Revenue from Operations, Revenues, Expenses or none
(a) Machinery
(b) Purchases
(c) Stock
(d) Creditors
(e) Capital
(f) Salary paid to a clerk
(g) Sales
(h) Furniture
(i) Interest received
(j) Rent paid.

Answer 1

Answer:

1. machinery,- asset (fixed asset ) 2. purchase, - expenses 3.stock,-asset (current asset )4. creditors, - liabilities (current liabilities5. capital, - capital 6. salary paid, - expenses7. sales, - revenue 8. furniture, - asset (fixed asset)9. interest received, - revenue 10. rent paid - expenses

hope it's helpful☺️