Question

Classify the following into assets, capital, expenses/losses and revenue/gains under accounting
a. Furniture a/c
b. Ols rent a/c
C. Bad debts a/c
d. Interest receivables a/c
e. Capital
f. Land
g. Sales
h. Cash
i. Motor car
j. Drawings
k. Salary
l. bank

Answer 1

Answer:

a. asset

b.liability

c.liability

d.profit

e.capital

f.asset

g.revenue

h.asset

i.asset

j.expense

k.expense

l.asset

Answer 2

1. Asset
2. Expense
3. expense
4. Income
5. Capital
6. Asset
7. Income
8. Asset
9. Asset
10. Expense
11. Expense
12. Asset