Question: Q.2.1 (14) Complete the table below by indicating for each account if the balance will be debit or credit and if it is classified as

Q.2.1 (14) Complete the table below by indicating for each account if the balance will be debit or credit and if it is classified as a non-current or current asset, non-current or current liability You are required to redraft the table in your assignment. Name of account Dr/Cr Non-current Current Non-current Current Income Expense Proprietary Balance asset asset liability liability accounts E.g. Land & Debit Buildings Advertising Creditors control Interest on saving account Capital Furniture Cash float Mortgage loan
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
