Identify if the below head of accounts is an Asset, Liability, Equity, Income or Expenses

1. Commission Paid a. Expenses b. Assets c.Income d. Liability e. Equity

2.Identify if the below head of accounts is an Asset, Liability, Equity, Income or Expenses Owners Investment in Business a. Income b. Expenses c. Liability d. Equity e. Asset

3. Identify if the below head of accounts is an Asset, Liability, Equity, Income or Expenses Sold Goods a. Equity b. Income c. Asset d. Expenses e. Liability

4.Identify if the below head of accounts is an Asset, Liability, Equity, Income or Expenses Purchased Inventory A.Income b. Expenses c. Equity d. Asset e. Liability