Classification of Accounts for Financial Statements

What is Stationery expense classified in the financial statements as

• Admin Expense
• Non-Current Asset - Investments
• Selling and Distribution Expense
• Finance Expense

What is Shares classified in the financial statements as

• Non-Current Asset - Investments
• Admin Expense
• Finance Expense
• Non-Current Asset - PPE

What is Sales Salaries classified in the financial statements as

• Selling and Distribution Expense
• Admin Expense
• Finance Expense
• Current Liability

What is Rent received classified in the financial statements as

• Other Revenue
• Admin Expense
• Finance Expense
• Current Liability

What is Council Rates classified in the financial statements as

• Admin Expense
• Finance Expense
• Selling and Distribution Expense
• Current Liability

What is Pre-Paid Expense classified in the financial statements as

• Current Asset
• Admin Expense
• Current Liability
• Non-Current Asset - PPE

What is Office Wages classified in the financial statements as

• Admin Expense
• Finance Expense
• Selling and Distribution Expense
• Non-Current Liability

What is Loan classified in the financial statements as

• Non-Current Liability
• Finance Expense
• Current Liability
• Non-Current Asset - PPE

What is Inventories classified in the financial statements as

• Current Asset
• Non-Current Liability
• Current Liability
• Admin Expense

What is Interest Received classified in the financial statements as

• Other Revenue
• Finance Expense
• Current Liability
• Admin Expense