Identify the correct classification for the following four ledger accounts:
A) 1 expense,2 expense,3 asset,4 expense.
B) 1 expense,2 asset,3 revenue,4 liability.
C) 1 asset,2 asset,3 revenue,4 liability.
D) 1 asset,2 asset,3 asset,4 liability.

Question

Identify the correct classification for the following four ledger accounts: 
A) 1 expense,2 expense,3 asset,4 expense. 
B) 1 expense,2 asset,3 revenue,4 liability. 
C) 1 asset,2 asset,3 revenue,4 liability. 
D) 1 asset,2 asset,3 asset,4 liability.

Quizplus · Accepted Answer

The Answer of Identify the correct classification for the following four ledger accounts: 
A) 1 expense,2 expense,3 asset,4 expense. 
B) 1 expense,2 asset,3 revenue,4 liability. 
C) 1 asset,2 asset,3 revenue,4 liability. 
D) 1 asset,2 asset,3 asset,4 liability.

Identify the Correct Classification for the Following Four Ledger Accounts