Ask a New Question

Classify each of the following items as an asset, owners equity , liability, income or expense

Equipment
Bank overdraft
Salaries

1 answer

Equipment - Asset
Bank overdraft - Liability
Salaries - Expense

Similar Questions

Choice3, Among the following alternatives which one is unacceptable equity of the accounting equations A asset = liability +
1. 1 answer
For each transaction, indicate whether the related account would be classified as an (a) asset (b) liability (c) stockholders'
1. 0 answers
Exercise:Indicate whether each of the following items below is an asset, liability, revenue, expense, gain or loss account and
1. 1 answer
Indicate whether each of the following items below is an asset, liability, revenue, expense, gain or loss account and whether it
1. 1 answer

more similar questions