Account Classifications

What is the classification of "cash?" 

• Liability
• Owner's Equity
• Asset
• Revenue

What is the increase side of the owner's capital account?

• Debit
• Credit

What is the classification of Accounts Payable--Staples?

• Asset
• Liability
• Owner's Equity
• Expense

What is the decrease side of Accounts Payable--Clark Company?

• Debit
• Credit

What is the increase side of Accounts Receivable--Little Tykes Nursery?

• Debit
• Credit

What is the classification of the owner's capital account?

• Revenue
• Expense
• Owner's Equity
• Asset

What is the classification of the owner's drawing account?

• Revenue
• Expense
• Owner's Equity
• Liability

What is the decrease side of Supplies?

• Debit
• Credit

What is the classification of Rent Expense?

• Revenue
• Expense
• Asset
• Liability

What is the increase side of the owner's capital account?

• Debit
• Credit