s points The basic accounting equation, represents the relationship between the assets, liabilities, and owner's equity of a business. It is the foundation for the double-entry bookkeeping system. It can be expressed as Assets - Liabilities - Equity A L + E You are given a list of accounts in Table A! Determine whether the accounts in Table A shall be classified as Asset, Liability or liquity b Determine whether the accounts in Table A shall be recorded in the trial balance as Debitor Credit o Determine whether the accounts in Table A shall be recorded in Statement of Financial Position (SOFT) or Statement of Protor Lou (SOP). Clawify the accounts in Table A into the correct category as follows: Sales Revenue Turnover Purchases Cost of sales Income Expenses Current assets Non-current assets Current liabilities Non-current liabilities Capital Reserves d Table (b) Dr Cr 17% loan note - 12 months Accruals Administrative expenses Bank Bank interest paid Bank interest payable Bank interest receivable Bank interest received Equity Bank interest received SOPL Income Bank overdraft Depreciation Distributing expenses Equipment Finance east Equity Finance cost SOPL Expenses Inventories Motor vehicle Question Completion Status Ordinary share capital Plant and machinery Preference share capital Redeemable preference share capital Prepayment Property, plant and equipment Purchases Retained earnings Retained losses Sales Trade payables Trade receivables