Finance for Non-Finance (Activity 3)

"Depreciation" can be categorized under which element of accounting?

• Asset

• Liability

• Equity

• Income

• Expense

"Inventory" can be categorized under which element of accounting?

• Asset

• Liability

• Equity

• Income

• Expense

"Share capital" can be categorized under which element of accounting?

• Asset

• Liability

• Equity

• Income

• Expense

"Manufacturing plant" can be categorized under which element of accounting?

• Asset

• Liability

• Equity

• Income

• Expense

"Trademark" can be categorized under which element of accounting?

• Asset

• Liability

• Equity

• Income

• Expense

"Fixed deposit" can be categorized under which element of accounting?

• Asset

• Liability

• Equity

• Income

• Expense

"Income tax" can be categorized under which element of accounting?

• Asset

• Liability

• Equity

• Income

• Expense

"Dividend received" can be categorized under which element of accounting?

• Asset

• Liability

• Equity

• Income

• Expense

"Investment in shares available in stock exchange" can be categorized under which element of accounting?

• Asset

• Liability

• Equity

• Income

• Expense

"Advance received from customers" can be categorized under which element of accounting?

• Asset

• Liability

• Equity

• Income

• Expense