# Classification of accounts

> This section is where the account lives on the statements. Wrong classification is a cheap way to lose marks on the Balance Sheet and Income Statement. Use the paper's notes. Real (permanent)…

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## Full notes

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## More in Basic Accounting Concepts

- [Basic Accounting Concepts](https://www.hlayiso.com/grade-12/accounting/notes/basic-accounting-concepts/basic-accounting-concepts) — Previous section
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## Frequently asked questions

### What will I learn in "Classification of accounts"?

This section covers Classification of accounts as part of Basic Accounting Concepts in Grade 12 Accounting. You'll find clear explanations, worked examples, and key definitions aligned to the CAPS curriculum.

### Is this section aligned with the CAPS curriculum?

Yes. All notes on Hlayiso, including "Classification of accounts", are written against the official CAPS curriculum and ATP for Grade 12 Accounting.

### What should I study after "Classification of accounts"?

Continue with the next section in Basic Accounting Concepts, or test your understanding with the interactive quiz linked to this section.

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