2022 (Eunice) - Chap 3 Classifications game 1

Q.

Classify this account: Motor vehicles

• Asset

• Liability

• Expense

Q.

Classify this account: Property

• Income

• Asset

• Expense

Q.

Classify this account: Office equipment

• Expense

• Liability

• Asset

Q.

Classify this account: Fixtures and Fittings

• Liability

• Expense

• Asset

Q.

Classify this account: Land and buildings

• Asset

• Expense

• Liabilitty

Q.

Classify this account: Plant and machinery

• Liability

• Asset

• Expense

Q.

Classify this account: Inventory

• Expense

• Asset

• Liability

Q.

Classify this account: Trade receivables

• Expense

• Liability

• Asset

Q.

Classify this account: Cash at bank

• Asset

• Expense

• Liability

Q.

Classify this account: Cash in hand

• Expense

• Income

• Asset