2.3 Classifying Practice

Front

Accounts Receivable

Back

Current Asset

Front

GST payable

Back

Current Liability

Front

Accrued Income

Back

Current Asset

Front

Inventory

Back

Current Asset

Front

Mortgage due 2030

Back

Non Current Liability

Front

Depreciation on Shop Equipment

Back

Distribution cost and goes in PPE Table

Front

Accrued Expenses

Back

Current Liability

Front

Drawings

Back

Goes in Equity section

Front

Prepayments

Back

Current Asset

Front

Bad Debts

Back

Administrative Cost