Question

Classify the following accounts into assets liabilities capital expenses losses and revenue gains
cash Account
Purchases account
Drawings accounts Computer accounts
Building accounts
salary account
Internet or investment account Sales account
O/S salary account
Creditors account
Purchases returns account Bills receivable account

Answer 1

Explanation:

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Answer 2

Explanation:

Cash A/c - Asset

Purchases A/c - Expense

Drawings A/c - Capital

Computer A/c - Asset

Building A/c -  Asset

Salary A/c - Expense

Investment A/c - Asset

Sales A/c -  Revenue

O/s Salary - Liability

Creditors A/c - Liability

Purchases Returns A/c - Expense ( reduction)

Bills receivable A/c - Asset

Hope this helps.