Chapter 2 added questions Flashcards
(9 cards)
1
Q
Classify this into the five elements
Office equipment
A
Assets
2
Q
Classify this into the five elements
Amount contributed by owner
A
Equity
3
Q
Classify this into the five elements, credit sales from sales of goods
A
Income
4
Q
Classify this into the five elements
Cash at bank
A
Assets
5
Q
Classify this into the five elements
loan from bank
A
Liability
6
Q
Classify this into the five elements
Laptops board for resale purposes
A
Assets
7
Q
Classify this into the five elements interest on bank loan
A
Expense
8
Q
Classify this into the five elements repairs of motor vehicle
A
Expense
9
Q
Classify this into the five elements rental receive for storage. Space
A
Income
