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Account Classify

What is the classification of the account?

QuestionAnswer
Classification of Accounts: Cash is classified as what type of an account? Asset
Classification of Accounts: Accounts Payable is classified as what type of an account? Liability
Classification of Accounts: Accounts Receivable is classified as what of account? Asset
Classification of Accounts: Sales is classified as what type of an account? Revenue
Classification of Accounts: Rent Expense is classified as what type of an account? Expense
Classification of Accounts: Sales Tax Payable is classified as what type of an account? Liability
Classification of Accounts: Purchases is classified as what type of an account? Cost of Merchandise
Classification of Accounts: Income Summary is classified as what type of an account? Owner's Equity
Classification of Accounts: Supplies--Office is classified as what type of an account? Asset
Classification of Accounts: John Doe, Capital is classified as what type of an account? Owner's Equity
Classification of Accounts: Prepaid Insurance is classified as what type of an account? Asset
Created by: kwilkinson