Mr sunrise started business for buying and selling of statiuonery with 500000 as an initial investment. Of which he paid 100000 for furniture 200000 for buying and stationery items. He employed a sales person and clerk. At the end of month he paid 5000 as their salaries. Out the stationery bought he sold some stationery for 150000 for cash and some other stationery for 100000 on credit basis to Mr. Ravi subsequently, he bought stationery items of 150000 from Mr. Peace. In the first weak of next month there was a fire accident and he lost 30000 worth of stationery. A part of machinery which cost 40000 was sold for 45000
From the above, answer the following
Determine if the following are assests, liabilities, revenues, expenses or none of the these, sales, debtor, creaditor, salary to manager, discount to debtors, drawing by the owner.

Explanation

Assets : debtors; Liabilities : creditors; drawings; Revenues : sales expenses, discount, salary.