The accounting system classifies different items into categories to help group similar items together for reporting and analysis.

Select a corporation that you are familiar with because you buy its products or services and name it$.$

Describe five items that would be classified as revenues.Describe five items that would be classified as assets.Describe five items that would be classified as expenses.Describe five items that would be classified as liabilities.

You should have one paragraph for revenues, one for assets, one for expenses, and one for liabilities, with a total of ten sentences for the fou