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Identify the Correct Classification for the Following Four Ledger Accounts

Question 30

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


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

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