Question

Classify the following items into Assets and Liabilities :

(i) Machinery
(ii) Debtors
(iii) Building
(iv) Bank overdraft
(v) Loan from A. Bhattacherjee
(vi) Salary owing to staff
(vii) stock of goods​

Answer 1

Answer:

Classify the following items into Assets and Liabilities :

(i) Machinery

(ii) Debtors

(iii) Building

(iv) Bank overdraft

(v) Loan from A. Bhattacherjee

(vi) Salary owing to staff

(vii) stock of goods

Explanation:

stocks of goods

Answer 2

assets
Assets
Assets
Liabilities
Liabilities
Liabilities
Assets