Question

9. Classify the following into Assets, Capital, Expenses/Losses
and Revenue/Gains under Accounting Equation Method
a. Furniture Account
b. O/S Rent A/c
c. Bad debt Account
d. Interest Receivab les A/C
e. Rent received in advanc
f. Prepaid salary Account
g. Capital Account
h. Bills Payable Account
i. Investment Account
j. Capital Account ​

Answer 1

Answer:

a. Asset

b. Liability

c. Loss

d. Revenue

e. Liability

f. Asset

g. Capital

h. Liability

i. Gain

j. Capital

Explanation:

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Answer 2

Answer:

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Explanation:

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