Classification Activity

Electricity

• current assets

• liability

• revenue

• expense

Debtors-someone who owes the business

• current assets

• liability

• revenue

• expense

Debtors-someone who owes the business

• fixed asset

• current assets

• liability

• revenue

Building

• fixed asset

• current asset

• revenue

• expense

Premises

• fixed asset

• current asset

• revenue

• expense

Bank Overdraft

• fixed asset

• current asset

• liability

• expense

Cash in hand

• fixed asset

• current asset

• liability

• expense

Creditors

• fixed asset

• current asset

• liability

• expense

Loan

• fixed asset

• current asset

• liability

• expense

Insurance

• fixed asset

• current asset

• liability

• expense