Question: Question 1 [6] The table includes a list of terminology that represents the nature of a number of accounting transactions. Allocate each of these elements

Question 1 [6] The table includes a list of terminology that

Question 1 [6] The table includes a list of terminology that represents the nature of a number of accounting transactions. Allocate each of these elements to one of the categories of accounts listed in the table according to the example provided. Element Income Equity Asset Liability Expense E.g. Electricity 1 Capital Rent received Retained earnings 4 Interest expense Accounts payable Petty cash

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