POA@HGV_Grace_Chap 3_Acctg Eq_Game 1_Classification

Classify this account: Property

• Asset

• Liability

• Expense

Classify this account: Motor Vehicles

• Asset
• Liability
• Income

Classify this account: Land and Building

• Asset
• Liability
• Equity

Classify this account: Fixtures and Fittings

• Asset
• Liability
• Expense

Classify this account: Office Equipment

• Asset
• Liability
• Income

Classify this account: Plant and Equipment

• Asset
• Liability
• Equity

Classify this account: Trade Receivables

• Asset
• Liability
• Expense

Classify this account: Cash at Bank

• Asset
• Liability
• Income

Classify this account: Cash in Hand

• Asset
• Liability
• Equity

Classify this account: Inventory

• Asset
• Liability
• Expense