Question

classify the following accounts into assets liabilites capital income and expense
1 premisises
2 capital
3 sales
4 loan
5 creditors
6 patents
7 sundry recipts
8 freight
9 rentpayable
10 depreciation
11 drawing
12 gst​

Answer 1

Explanation:

1.Asset

2.Capital

3.income

4.liability

5.liability

6.asset

7.income

8.exp

9.liability

10.exp

11.capital

12.exp