Modify the Chart of Accounts so that debtors and creditors can be incorporated Assets Liabilities Current Assets Current Liabilities Cash at Bank Short-Term Loan Cash in Hand Stock on Hand (Inventory) Non-Current Liabilities Mortgage Non-Current Assets Loan Vehicles Office Equipment Buildings Cost Of Sales Freight on Purchases Revenue Customs Duty on Purchases Operating Revenue Sales Rent Received Discount Received Commission Received Selling Expenses Advertising ales Commission Bad Debts Recovered Admin Expenses Bank Charges Extraordinary Revenue Wages and Salaries Postage Owner's Equity Capital Drawings Stationery Insurance Interest on Mortgage Loss From Theft