Question

*Classify the following
accounts under
Assets, liabilities,income
Expenditure
a) Loan A/C
1) Cash Alc
2) outstanding Ale
3) Rohit's Alo
A/C
5) insurance coop ALC
6) Goodwill a/c
10) Commission AL
7) Prepaid insurance Ac (1) Drawings Alc
ol Toadencurk A/C
(12) interest Alc
Furniture​

Answer 1

Answer:

a. Liabilities

1.Asset

2. liabilities

5.expenditure

6. Asset

10. expenditure

7. Asset

1. expenditure

furniture -asset