Year 11 Further Classifying Quiz

Accounts Receivable

• Current Asset

• Non Current Asset

• Income

• Liability

GST payable

• Administratvie Expense

• Distribution Cost

• Current Liability

• Current Asset

Accrued Income

• Current Asset

• Income

• Current Liability

• Other Income

Inventory

• Non Current Asset

• Intangible Asset

• Current Asset

• Distribution Cost

Mortgage due 2030

• Non Current Liability

• Current Liability

• Distribution Expense

• Finance Cost

Depreciation on Shop Equipment

• Administrative cost

• Finance Cost

• Distribution Cost

Accrued Expenses

• Current Liability

• Current Asset

• Non Current Liability

• Administrative Expense

Drawings

• Expense

• Income

• Asset

• Goes in Equity section

Prepayments

• Current Asset

• Current Liability

• Administrative cost

• Expense

Bad Debts

• Distribution Cost

• Administrative Cost

• Finance Cost