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hello class welcome to our channel today we will answer some exercise about classifying accounting elements so here is the instruction classify the following account titles as to assets liabilities and owners equity in owners equity if it is income cost and expenses or then or expense then we will use check mark to classify the following account titles so here is the exercise we have 22 account titles here so i will challenge you to get your ball pen and paper and try to answer this one so we have 22 account titles what are we going to do is to classify whether each account title is an asset liability and owners equity out of 22 the path you can get 17 points or you have only five mistakes na perde ma incur okay so we have i will give you five seconds each account title for you to answer then after that check your answers if you get 75 passing rate okay so lets start prepaid expense asset liability or owners equity start now okay time is up the correct answer for prepaid expenses
