Classify the ledger accounts

Sales revenue is a/an ____________.

• Expense

• Income

• Asset

• Liability

Salaries expense is a/an ___________.

• Expense

• Income

• Asset

• Liability

Fixtures and fittings is a/an ___________.

• Non-current asset

• Current asset

Cost of sales is a/an _______________.

• Income

• Asset

• Expense

• Liability

Premises is a/an _________________.

• Income

• Expense

• Liability

• Asset

Inventory is a/an _________.

• Capital

• Expense

• Current asset

• Non-current asset

Cash at bank (overdraft) is a/an ________________.

• Non-current asset

• Current asset

• Non-current liability

• Current liability

Discount allowed is a/an ______________.

• Expense

• Asset

• Income

• Liability

Trade receivables is a/an ___________.

• Income

• Current asset

• Non-current asset

• Current liability

Insurance is a/an _______________.

• Liability

• Income

• Asset

• Expense