Accounting Classification

Building

• Asset

• Owner Equity

• Liability

• Expenses

• Revenue

Office Equipment

• Asset

• Liability

• Revenue

• Expense

• Owner Equity

Accounts Payable / Creditor

• Owner Equity

• Revenue

• Liability

• Asset

• Expense

Accounts Receivable / Debtor

• Owner Equity

• Revenue

• Liability

• Asset

• Expense

Purchase

• Owner Equity

• Revenue

• Liability

• Asset

• Expense

Land

• Owner Equity

• Revenue

• Liability

• Asset

• Expense

Rent received

• Owner Equity

• Revenue

• Liability

• Asset

• Expense

Furniture

• Owner Equity

• Revenue

• Liability

• Asset

• Expense

Discount received

• Owner Equity

• Revenue

• Liability

• Asset

• Expense

Long term loan

• Owner Equity

• Revenue

• Liability

• Asset

• Expense