Money or Not?

You bought a laptop for your freelance graphic design gigs.

• Asset

• Liability

• Income

Answer explanation

It’s something you own and use to generate income—it has future value.

You received RM500 from tutoring your neighbor’s kid.

• Asset

• Liability

• Income

Answer explanation

It’s money earned from providing a service—your reward for work done.

You bought a second-hand camera to start a YouTube channel.

• Asset

• Liability

• Income

Answer explanation

It’s something you own that can help generate future income.

You owe RM1,200 on your credit card after buying concert tickets.

• Asset

• Liability

• Income

Answer explanation

It’s a debt—you’re obligated to pay it back.

You earned RM100 from selling pre-loved clothes online.

• Asset

• Liability

• Income

Answer explanation

It’s money received from a sale—your inflow of economic benefit.

You bought a bicycle to deliver food part-time.

• Asset

• Liability

• Income

Answer explanation

It’s a tool that helps you earn—plus it holds resale value.

You got RM50 from your parents as a birthday gift.

• Asset

• Liability

• Income

Answer explanation

It’s money received—even if it’s not earned, it increases your resources.