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Classify each of the following items as assets (A), liabilities (L). Revenue (R) or Expense (E) by putting a X under the appropriate account type.
Classify each of the following items as assets (A), liabilities (L). Revenue (R) or Expense (E) by putting a X under the appropriate account type. (5x 1 marks=5 Marks) Asset Account name Rent Liability Revenue Expense Rent due (payable) Rent paid in advance (prepaid) Rent received Unearned Rent (received in advance)
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