Classification of Accounts - Grade 8

Choose the correct option for: Land & Buildings

• Non-Current Asset

• Current Asset

Choose the correct option for: Water & Electricity

• Income

• Expense

• Non-Current Liability

Choose the correct option for: Cost of Sales

• Income

• Expense

Choose the correct option for: Sales

• Income

• Expense

Choose the correct option for: Bank Overdraft

• Expense

• Current-Liability

• Non-current Liability

Choose the correct option for: Bank

• Current-Asset

• Non-Current Asset

• Income

Choose the correct option for: Equipment

• Non-Current Asset

• Current Asset

• Expense

Choose the correct option for: Loan

• Non-Current Asset

• Non-Current Liability

• Current Asset

Choose the correct option for: Salaries

• Asset

• Income

• Expense

Choose the correct option for: Capital & Drawings

• Direct Owner's Equity

• Indirect Owner's Equity