Classification of Accounts 2.0

Office Equipment

• asset

• liabilities

• income

• expenses

cash on hand

• asset

• liabilities

• income

• expenses

Cash on bank

• asset

• liabilities

• equity

• income

Account receivable

• asset

• liabilities

• expense

• Equity

Land

• asset

• liabilities

• equity

• expense

accounts payable

• liabilities

• asset

• income

• expense

credit card

• assest

• liabilities

• expense

• equity

bank loan

• asset

• liabilities

• expense

• income

vendor payment

• asset

• liabilities

• equity

• income

notes payable

• asset

• liabilities

• equity

• income