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
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
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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11. 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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