Question 31 (20 points) From the following items identiy if a particular item is Asset (A). Liability (L). Revenue (R), Expense (Ex). Equity (Eq). If an item is recognized as Asset or liability please indicate if it is a Current (Cur), Non-Current (Ncur) in next column. At the end please indicate if an item would be presented in Statement of Profi or LOSS (SPL). Statement of Financial Position (SFP) or Statement of Changes in Equity (SCQ). es Item Nature of account Current/Non- Current Will be presented on Salaries Expense Ex SPL SI No. Event or account Nature of Account 1 2 3 5 6 7 8 9 Patents, Copy Rights Sales Income Insurance Expenses Bad Debt Accounts Receivable Cash at bank Bank over draft Bank loan payble in 3 years Accounts Payable Amount payable to suppliers of Non- Current Assets Rental revenue Capital invested by owner Unearned Revenue Salaries Payable Depreciation Withdrawals by Owner Prepaid Insurance 10 11 12 13 15 16 17 18 Dividend paid 19 Machinery 20 Income Tax expense