ACCOUNT CLASSIFICATION

1. Which of the following is revenue?

• Motor vehicle

• Salaries

• Commission received

• Bank loan

2. Which of the following can be classified as an asset?

• Account receivable

• Bank Loan

• Account Payable

• Salary

3. Which of the following is NOT current asset?

• Cash in hand

• Cash at bank

• Motor vehicle

• Account receivable

Which of the following is NOT expenses?

• Stationery

• Maintenance

• Dividend received

• Rental paid

Which of the following is current liability?

• Account receivable

• Account Payable

• Rental

• Machinery

Which of the following is categorized as Equity?

• Capital

• Land and building

• Cash

• Sales

The following are expenses, EXCEPT:

• Stationery

• Sales

• Maintenance

• Water and electricity

The following is Non Current Asset, EXCEPT

• Land and building

• Cash in hand

• Furniture

• Office equipment

Sales is categorised as __________

• Asset

• Expenses

• Revenue

• Liability

Which of the following is Non Current Liability

• Inventory

• Account receivable

• Account payable

• Bank Loan