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Classify each item as an asset, liability or owners equity. Accounts receivable Prepayment Fixed Deposit Equipment Drawing Advertising expenses Commission received Investment Hire Purchase Loan

  1. Classify each item as an asset, liability or owners equity.

  1. Accounts receivable
  2. Prepayment
  3. Fixed Deposit
  4. Equipment
  5. Drawing
  6. Advertising expenses
  7. Commission received
  8. Investment
  9. Hire Purchase Loan
  10. Hire Purchase Loan

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