Question

Classify the following accounts into assets liabilities capital expense or loss and revenues or gains
1.cash account
2.purchase account
3. drawings account
4. building account
5. interest on investment account
6. O/S salary account
7.purchase return account
8.computer account
9.salary account
10. sales account
11. creditors account
12. bills receivable account ​

Answer 1

Assets

1. cash account

2. building account

3. computer account

4. bill received account