Question

Determine if the following are assets, liabilities, revenues, expenses : machinery, purchase, stock, creditors, capital, salary paid, sales, furniture, interest received, rent paid

Answer 1

Machinery = Asset
purchases = Expenses
Stock. = Asset
creditors. = Liabilities
Capital. = Liabilities
Salary. paid = expenses
sales. = Revenue
furniture =. Asset
interest received= Revenue
rent paid = expenses

Answer 2

1. machinery,- asset (fixed asset ) 
2. purchase, - expenses 
3.stock,-asset (current asset )
4. creditors, - liabilities (current liabilities
5. capital, - capital 
6. salary paid, - expenses
7. sales, - revenue 
8. furniture, - asset (fixed asset)
9. interest received, - revenue 
10. rent paid - expenses 

Hope its useful ..!!!