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Identify the Correct Classification for the Following Four Ledger Accounts

Question 15

Multiple Choice

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


A) 1 expense, 2 expense, 3 asset, 4 expense.
B) 1 expense, 2 liability, 3 revenue, 4 liability.
C) 1 asset, 2 liability, 3 revenue, 4 liability.
D) 1 asset, 2 liability, 3 asset, 4 liability.

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