Select the account types for these items:
$\bullet$Fixtures and fittings
$\bullet$Accounts payable
$\bullet$Drawings
$\bullet$Sales

Question

Quizplus · Accepted Answer

- Fixtures and fittings are assets. (A)
- Accounts payable represent a liability. (L)
- Drawings reduce the owner's equity, therefore, they are classified in the equity category. (E)
- Sales represent income generated by the business operations. (I)

Select the Account Types for These Items ∙\bullet∙ Fixtures and Fittings ∙\bullet∙

Select the Account Types for These Items $\bullet$ Fixtures and Fittings $\bullet$