Classification of Accounts

SSS Contribution

• Assets

• Liability

• Expense

• Revenue

• Owners’ Equity

Notes Payable

• Assest

• Liability

• Owner's Equity

• Expense

• Revenue

Cash on hand

• Asset

• Liability

• Owner's Equity

• Expenses

• Revenue

Prepaid Utilities

• Asset

• Liability

• Expense

• Revenue

• Owner's Equity

Building

• Asset

• Liability

• Owner's Equity

• Expense

• Revenue

Notes Payable

• Asset

• Liability

• Owner's Equity

• Expense

• Revenue

Interest Expense

• Asset

• Liability

• Revenue

• Expense

• Owner's Equity

Sales

• Asset

• Liability

• Expense

• Revenue

• Owner's Equity

Petty Cash

• Asset

• Liability

• Expense

• Revenue

• Owner's Equity

Machinery

• Asset

• Liability

• Expense

• Revenue

• Owner's Equity