Accounting elements

Cash in hand is

• an asset

• a liability

• an equity

• an expense

• a income

Trade receivable is

• an expense

• an equity

• a liability

• a revenue

• an asset

Trade payable is

• a income

• an equity

• an asset

• an expense

• a liability

Inventory is

• an asset

• a liability

• an equity

• an expense

• a income

Motor vehicle is

• an equity

• a liability

• an asset

• a revenue

• an expense

Prepaid expenses are

• an expense

• an equity

• a liability

• an asset

• a income

Fixture and fitting is

• an asset

• an expense

• a liability

• a revenue

• an equity

Rental income is

• an asset

• a liability

• an equity

• an income

• an expense

Interest expense is

• an expense

• a revenue

• an equity

• a liability

• an asset

Bank overdraft is

• a revenue

• a liability

• an expense

• an equity

• an asset