Question

Example of expense,asset,liabilities,and incomeexample of income

Answer 1

Examples:- Expense= paying salary ,rent etc ..
Asset= furniture ,land , computer etc...
Liability = due salary ,rent to be paid etc...
Income= diacount , commission received etc..

Answer 2

examples 

Expenses - payment of salary, administrative expenses , payment of rent , payment of day to day expenses etc etc 

Asset - land , computer , cash , plant and machinery , stock or inventory etc etc 

liablities - salary payable , creditors ,any expenses payable etc etc

Income - sale of goods , commission , interest received  etc etc