tivity 2.1 (Individual work)
Formal assessment
Copy the following table into your workbook and complete the last column
Is it an asset, liability, income, expenses
direct Owner's Equity account?
0.
Name of account
1 Fuel
Z Loan from a bank
3 Sales
4 Land and buildings
5
Interest on fixed deposit
b
Capital
7 Rent expense
8
Stationery
9 Interest on loan
1.10 Vehicles
1.11 Drawings
1.12 Trading
stock
1.13 Creditors
1.14 Salaries
1.15 Rent income
1.16 Equipment
17 Bank account
18 Current income
19 Debtors
1.20 Petty cash
1.21 Wages
1.22 Cash float
1.23 Bank overdraft
1.24 Packing material
25 Material
From the 25 accounts listed in question 1:
21 Tirtha non current assets