The following accounts are being maintained in the books of Blue Ocean Enterprises. Classify them into Assets, Liabilities, Equity, Revenue and Expenses.  Accounts 1 Plant and Machinery 2 Bank Loan 3 Sales Revenue 4 Rent Expenses 5 Accounts Payable 6 Wages and Salaries Expenses 7 Office Equipment 8. Land and Buildings 9. Accounts Receivable 10. Interest payable

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Q: Choose the Debit and Credit Accounts of the following transactions.

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Q: Which of the following is not included in the assets of the business?

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Q: Answ

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Bookkeeping

Bookkeeping is the process of recording the financial transactions of a company on a regular basis. With the process of bookkeeping, companies can track important financial information that helps management in making crucial decisions.