M8-TECHNICAL

MODULE 8: TYPES OF MAJOR ACCOUNTS

INSTRUCTIONS: Identify if the account is an asset, liability, equity, income or expense.

No. Account Asset Liability Owner’s Income Expense
Equity
1. Accounts Receivable
2. Accumulated Depreciation
3. Advertising Expense
4. Bonds Payable
5. Building
6. Cash
7. De Jesus, Capital
8. De Jesus, Drawing
9. Delivery Truck
10. Interest Payable
11. Inventories
12. Land
13. Mortgage Loans
14. Loans Payable
15. Notes Receivable
16. Office Supplies
17. Prepaid Expense
18. Rent Expense
19. Salaries Expense
20. Salaries Payable
21. Service Fees
22. Supplies Expense
23. Trading Securities
24. Unearned Income
25. Utilities Expense