Question

9. Classify the following into Assets, Capital, Ezpenses/Losses
and Revenue/Gains under Accounting Equation Method
a. Furniture Account
b. O/S Rent A/C
c. Bad debt Account
d. Interest Receivables A/C
e. Rent received in advance
f. Prepaid salary Account
g. Capital Account
h. Bills Payable Account
i. Investment Account
j. Capital Account
38 -​

Answer 1

Answer:

These are the answers

a) revenue.

b) ezpenses.

c) assets.

d) ezpenses.

e) loses.

f) assets.

g) capital.

h) gains.

i) gains.

j) capital.

Explanation:

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