Identify each of the following items as revenues, expenses, or withdrawals from the drop down provided....

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Identify each of the following items as revenues, expenses, or withdrawals from the drop down provided. 1. Salaries 2. Owner

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Answer 1

Answer #1

Statement showing classification of items:

	*Particulars*	Answer
1.	Salaries	Expenses
2.	Owner withdrawal	Withdrawals
3.	Sales revenue	Revenues
4.	Cost of sales	Expenses
5.	Printing	Expenses
6.	Dividend income	Revenue
7.	Freight	Expenses
8.	Insurance	Expenses

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Answer 2

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