Question

plzz give answof this question plzz

Answer 1

Sales - Revenue

Bank Overdraft - Liability

Salary to Manager - Expense

Debtors - Asset

Bank Balance - Asset

Discount to Debtors - Loss (expense)

Answer 2

1) sales - revenue

Reason  - sales is the income to the company therefore its revenue

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2) Bank overdraft - Liability  

Reason - bank overdraft is short term liability. A bank overdraft is flexible borrowing facility on a bank current account which is repayable on demand with interest .

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3) Salary to manager - Expenses

Reason - Salary is recurring expenses to the company . salary paid to employees is expense to company

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4) Debtors - Assets

Reason - Debtor is used to describe the party that owes money to a company or individual after an invoice is sent for goods or services.  its an asset to the company .

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5) Bank Balance - Asset

reason - bank balance is asset to the company . its category as current asset .

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6)Discount to debtors - Expenses

reason - its the expenses to the company . as we discounting the invoice amount is expense to the company