7. Identify the following items as NONCURRENT ASSESTS, CURRENT ASSETS, NONCURRENT LIABILITIES, CURRENT LIABILIITES, EXPENSES, INCOME AND EQUITY

a) Land and buildings

b) Plant and machinery

c) Computers

d) Equipment

e) Cash

f) Trade receivables

g) Tarde payables

h) Account receivables

i) Account payables

j) Rent Paid

k) Rent Received

l) Interest Paid

m) Interest Received

n) Advertisement Paid

o) Salaries Received

p) Investment

q) Bank Overdraft

r) Long Term Loans

s) Bank Loan

t) Debentures

u) Retained Earnings

v) Alis Capital

w) Profit for the Year

x) Royalty received

y) Commission received