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Question #1The account classification for Long Term Investment is: Asset Liability Equity Revenue Expense Question#2 The account classification for Cost of Goods Sold is: Asset

Question #1The account classification for Long Term Investment is:

Asset

Liability

Equity

Revenue

Expense

Question#2

The account classification for Cost of Goods Sold is:

Asset

Liability

Equity

Revenue

Expense

Question # 3

The account classification for Bonds Payable is:

Asset

Liability

Equity

Revenue

Expense

Question #4

The account classification for Allowance for Doubtful Accounts is contra:

Asset

Liability

Equity

Revenue

Question#5

The account classification for Accrued Liabilities is:

Asset

Liability

Equity

Revenue

Expense

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