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- Dec 1, 2018
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Hi
I'm having a problem with classifying them, can someone tell me please which should go on Statment of financial position and which should be in the income statement.
Thank you in advance
Bank Balance
Capital
Credit Sales
Drawings
Electricity and Gas
Fixtures and Fittings
Loan due for repayment 21.10.2034
Loan Interest paid
Motor Vehicle
Motor Vehicle Expenses
Opening Inventory
Purchases
Rent
Sales Returns
Stationary
Tax owing
Telephone
Trade Payables
Trade Receivables
Wages
Inventory
I'm having a problem with classifying them, can someone tell me please which should go on Statment of financial position and which should be in the income statement.
Thank you in advance
Bank Balance
Capital
Credit Sales
Drawings
Electricity and Gas
Fixtures and Fittings
Loan due for repayment 21.10.2034
Loan Interest paid
Motor Vehicle
Motor Vehicle Expenses
Opening Inventory
Purchases
Rent
Sales Returns
Stationary
Tax owing
Telephone
Trade Payables
Trade Receivables
Wages
Inventory