Balance Sheet Categories Question

by Muneeb
(Pakistan)

Pakistan supporter

Pakistan supporter

Q: Sir, which balance sheet categories do the following belong to:


1. Bank overdraft,
2. Mortgage,
3. Fixture,
4. Inventory,
5. Horse and cart,
6. Allowance for bad debt,
7. Investment 5% securities,
8. Premises,
9. Plant

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MY ANSWERS
by: OJO EGHOSA EZEKIEL

BANK OVERDRAFT (Current Liabilities), MORTGAGE (Long-term Liabilities), FIXTURE (Fixed Assets), HORSE & CART (Fixed Assets), ALLOWANCE FOR BAD DEBT (Current Liabilities), INVESTMENT 5% SECURITIES (Current Liabilities), PREMISES (Fixed Assets), PLANT (Fixed Assets)

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