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Sec 3 Classification of accounts (1) Assets Liabilities Equity

Author: Tan Juliet
Description:
Keywords: , , , , , , online teaching

Content:
Groups:
1. Assets
2. Liabilities
3. Equity
4. Current liabilities

Objects:
0. Property
1. Other payables
2. Plant and machinery
3. Cash at bank
4. Inventory
5. Trade receivabes
6. Motor vehicles
7. Bank loan (Long-term borrowing)
8. Fixtures and fittings
9. Other receivables
10. Premises
11. Trade payables
12. Office equipment
13. Land and building
14. Cash in hand
15. Bank overdraft (Short-term borrowing)
16. Cash at bank (Cr)
17. Capital
18. Drawings
19. Profit for the year
.