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Classify each of the following accounts as either Current asset, Non-current asset, Current liability, Non-current liability, Income or Expense. Place a tick (u) in the
Classify each of the following accounts as either Current asset, Non-current asset, Current liability, Non-current liability, Income or Expense. Place a tick (u) in the correct block.
No. | Account | Current asset | Non- current asset | Current liability | Non- current liability | Income | Expense |
2.1 | Sales | ||||||
2.2 | Cost of sales | ||||||
2.3 | Salaries | ||||||
2.4 | Debtors control | ||||||
2.5 | Creditors control | ||||||
2.6 | Equipment | ||||||
2.7 | Mortgage bond | ||||||
2.8 | Bank overdraft | ||||||
2.9 | Investment in shares | ||||||
2.10 | Stationery | ||||||
2.11 | Interest on fixed deposit | ||||||
2.12 | Trading inventory |
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