TT1 IGCSE Accounting - Classification of accounts

Land and buildings

• Assets

• Owner's equity

• Liabilities

Loan from bank

• Assets

• Owner's equity

• Liabilities

Drawings

• Assets

• Owner's equity

• Liabilities

Trade receivables

• Assets

• Owner's equity

• Liabilities

Rent received

• Assets

• Owner's equity

• Liabilities

Equipment

• Assets

• Owner's equity

• Liabilities

Trade payabbles

• Assets

• Owner's equity

• Liabilities

Sales

• Assets

• Owner's equity

• Liabilities

Bank

• Assets

• Owner's equity

• Liabilites

Drawings

• Assets

• Owner's equity

• Liabilities