Quiz final a/c 5

Bills payable is

• Assets

• Liabilities

• Income

• Expense

Bank overdraft is an

• Expense

• Income

• Asset

• Liability

Capital is

• Asset

• Liability

• income

• Profit

Outstanding expenses

• Assets

• Liabilities

• Incomes

• Expenses

Prepaid expenses are

• Assets

• Liabilities

• Profit

• Loss

Bad debts calculated on

• Debtors

• Creditors

• Owners

• Lenders