Accounting terms

Which one is asset

• Cash

• Loan

• Rent paid

• Rent received

Which one is liability

• Cash

• Loan

• Rent paid

• Rent received

Which one is expense

• Cash

• Loan

• Rent paid

• Rent received

Mortgage is

• Asset

• Liability

• Expense

• Income

Gas bill is

• Asset

• Liability

• Expense

• Income

Commission received is

• Asset

• Liability

• Expense

• Income

Van is

• Asset

• Liability

• Expense

• Income

Computer in the office is

• Asset

• Liability

• Expense

• Income

Bank overdraft is

• Asset

• Liability

• Expense

• Income

Telephone bill is

• Asset

• Liability

• Expense

• Income