Question

A list of the accounts is given below. Tick the category to which each
of the account belongs:
Type of Account
Name of Account Asset Liability Capital Revenue Expense
i. Wages
ii. Building
iii. Cash
iv. Gupta (Supplier)
v. Sharma (Owner)
vi. Sugam (Customer)
vii. Interest received
viii. Commission Earned
ix. Discount allowed
x. Rent Paid

Answer 1

Answer:

expense

asset

asset

liability

capital

personal

income

income

expense

expense