Classify the following into (i) Assets (ii) Liabilities (iii) Expenses and (iv) Revenues
Sales, Bank balance, Debtors, Bank Overdraft, Creditors , Salary to manager, Discount to debtors, Cost of goods sold

Explanation

(i) Assets : Bank balance, Debtors
(ii) Liabilities : Bank overdraft, creditors
(iii) Expenses : Salary to Manager, Discount to debtors, cost of goods sold.
(iv) Revenues : Sales.