Question: Classify the following items as: A: Assets, L: Liabilities, C: Capital Ex: Expenses, or R: Revenue Buildings2. Creditors / Account payables3. Bankoverdraft4. Wages 5. Premises6.

Classify the following items as: A: Assets, L: Liabilities, C: Capital Ex: Expenses, or R: Revenue Buildings2. Creditors / Account payables3. Bankoverdraft4. Wages 5. Premises6. Fixtures and fittings 7. Telephone8. Insurance9.Debtors / Accounts receivables10. Plant & equipmental Stock12.Audit fees 13. Telephone bill due/telephone payable14. Office stationery15. Rent16. Rent received 17. Interest receivable18. Rent payable19. Sales 20. Machinery21. Bank22. Motor vehicles23. Salaries owing24 Salaries25. Expenses owing26. Advertising27. Cash28. Turnover29. Capital introduced30. Investments 31. Loan interest expense32. Investment interest33. Mortgage interest34. Commission received3s. Commission paid36. Commission receivable37. Commission payable38. Taxation for the period

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