Question

Classify the following into Assets, Liabilities, Capital, Expenses and Revenue:

(i) Land;	(ii) Investments;	(iii) Building;	(iv) Interest Received;
(v) Salary;	(vi) Bank Overdraft;	(vii) Debtors;	(viii) Creditors;
(ix) Bad Debts;	(x) Capital;	(xi) Depreciation;	(xii) Motor Vehicles;
(xiii) Freight;	(xiv) Wages;	(xv) Goodwill;	(xvi) Repairs.

Answer 1

Assets	Liabilities	Capital	Expenses	Revenue
(i) Land	(vi) Bank Overdraft	(x) Capital	(v) Salary	(iv) Interest Received
(ii) Investments	(viii) Creditors		(ix) Bad Debts
(iii) Building			(xi) Depreciation
(vii) Debtors			(xiii) Freight
(xii) Motor Vehicles			(xiv) Wages
(xv) Goodwill			(xvi) Repairs