Identify the Correct Classification for the Following Four Ledger Accounts

question 37

Multiple Choice

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.

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Definitions:

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