Classification of Accounts

Capital is a ______ account

• Asset

• Owner's Equity

• Income

• Expense

• Liability

Bank is a/an ______ account

• Asset

• Owner's Equity

• Income

• Expense

• Liability

Equipment is a/an ______ account

• Asset

• Owner's Equity

• Income

• Expense

• Liability

Rent Expense is a/an ______ account

• Asset

• Owner's Equity

• Income

• Expense

• Liability

Current Income is a/an ______ account

• Asset

• Owner's Equity

• Income

• Expense

• Liability

Drawings is a/an ______ account

• Asset

• Owner's Equity

• Income

• Expense

• Liability

Loan is a/an ______ account

• Asset

• Owner's Equity

• Income

• Expense

• Liability

Vehicles is a/an ______ account

• Asset

• Owner's Equity

• Income

• Expense

• Liability

Stationery is a/an ______ account

• Asset

• Owner's Equity

• Income

• Expense

• Liability

Consumable stores is a/an ______ account

• Asset

• Owner's Equity

• Income

• Expense

• Liability