Accounts

Buildings are examples of a/n

• Revenue

• Expense

• Asset

• Liability

• Owner's Equity

Accounts Payable

• Revenue

• Expense

• Asset

• Liability

• Owner's Equity

ACCOUNTS RECEIVABLE is a/n example of

• Revenue

• Expense

• Asset

• Liability

• Owner's Equity

INTEREST REVENUE is a/n exapmle of

• Revenue

• Expense

• Asset

• Liability

• Owner's Equity

ELECTRICITY is a/n example of

• Revenue

• Expense

• Asset

• Liability

• Owner's Equity

ADVERTISING

• Revenue

• Expense

• Asset

• Liability

• Owner's Equity

SUPPLIES is a/n example of

• Revenue

• Expense

• Asset

• Liability

• Owner's Equity

Which of the following equation is correct?

• Liabilities=Assets+capital

• Capital = Asset - Liabilities

• Capital= Asset + Liabilities

• None of the above

Personal a/c includes representative, natural and -------Personal account?

• Real

• Nominal

• Artificial

• Superficial

under Nominal a/c, All incomes and gains are

• Debited

• Credited

• Both

• None