Complete the table below by indicating for each account if the balance will be debit or credit and if it is classified as a non-current or current asset, non-current or current liability You are required to redraft the table in your assignment. (14) Name of account Dr/Cr Balance Non-current asset Current asset Non-current liability Current liability Income Expense Proprietary accounts E.g. Land & Buildings Debit X Advertising Creditors control Interest on saving account Capital Furniture Cash float Mortgage loan

FINANCIAL ACCOUNTING
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Chapter1: Financial Statements And Business Decisions
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Q.2.1 Complete the table below by indicating for each account if the balance will be debit or credit and if it is classified as a non-current or
current asset, non-current or current liability
You are required to redraft the table in your assignment.
(14)
Name of account Dr/Cr
Balance
Non-current
asset
Current
asset
Non-current
liability
Current
liability
Income Expense Proprietary
accounts
E.g. Land &
Buildings
Debit X
Advertising
Creditors control
Interest on saving
account
Capital
Furniture
Cash float
Mortgage loan

 

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