Assets: Cash, Accounts Receivable, Inventory, Buildings, Furniture, Motor Vehicles, Liabilities: Accounts Payable, Loan from Bank, Owner's Equity: Owner's Capital, Owner's Drawing, Revenue: Sales, Interest Received, Commissions Received, Expenses: Rent Expense, Advertising Expense, Wages, Interest Expense, Electricity, Telephone, Repairs, Stationery and Postage,

Classifying Accounts

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