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accounts are classified in to Assets, liabilites and capital

in which Accounts do these accounts come in

Discount received, discount allowed,commissin received, commission paid and services. could you please give the answer with explanation?

1 Answer

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  • DrIG
    Lv 7
    1 decade ago
    Favorite Answer

    An asset is something that you have that has value./ A liability is something that you owe.

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