Identify the revenue and expense accounts from the following list of accounts. If the account is a revenue account, drag account to the revenue box. If the account is an expense account, drag the account name to the expense box. If it is neither, again drag to the neither box.

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Financial Transaction Analysis

The transaction analysis is done with the help of the accounting equation. The basic accounting equation is alternatively known as the balance sheet equation is based on the double-entry system which says that for each transaction happening in a business, at least two accounts should be affected I.e. both the debit side and the credit side should be equal. The Accounting Equation is