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QUESTION 1: (10) Specify/Indicate whether the following accounts are Assets, Liabilities, Income or expense accounts respectively: (10) Discount received Vehicle repairs Revenue stamps on hand
QUESTION 1: (10)
Specify/Indicate whether the following accounts are Assets, Liabilities, Income or expense accounts respectively: (10)
- Discount received
- Vehicle repairs
- Revenue stamps on hand
- Revenue stamps used
- Discount allowed
- Prepaid water and electricity
- Rent received in advanced
- Cash on hand
- Trust creditors
- Bank Charges
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