4. On which side will the increase in the following accounts be recorded? Also, state the nature of the account: (i) Furniture A/c (ii) Mohan (Proprietor) (iii) Salary A/c (iv) Purchases A/c (v) Sales A/c (vi) Interest Paid A/c (vii) Sohan (Creditor) (viii) Ram (Debtor) T.S.Grewal/2024 Edition/Practical Problems/Q-04 For full question, please refer to … Read more
3. Classify the following into Assets, Liabilities, Capital, Revenue and Expenses: (i) Plant and Machinery: (ii) Bank Loan; (iii) Sales; (iv) Rent; (v) Discount Received; (vi) Carriage Inwards; (vii) Carriage Outwards; (viii) Purchases; (ix) Wages; (x) Advance Income; (xi) Accrued Income: (xii) Goodwill; (xiii) Furniture and Fixtures; (xiv) Outstanding Expenses; (xv) Capital. T.S.Grewal/2024 Edition/Practical … Read more
2. Classify the following into Assets, Liabilities, Capital, Expenses and Revenue: (i) Land; (ii) Investments; (iii) Building; (iv) Interest Received; (v) Salary; (vi) Bank Overdraft; (vii) Debtors; (viii) Creditors; (ix) Bad Debts; (x) Capital; (xi) Depreciation; (xii) Motor Vehicles; (xiii) Freight; (xiv) Wages; (xv) Goodwill; (xvi) Repairs. T.S.Grewal/2024 Edition/Practical Problems/Q-02 For full question, please … Read more
1. Following accounts are being maintained in the books of Shri Ashok. Classify them into Personal, Real and Nominal Accounts: (i) Land and Building (viii) Salary (xv) Interest Received (ii) Excise Duty (ix) Debtors (xvi) Bank Overdraft (iii) Creditors (x) Bad Debts (xvii) Purchase Returns (iv) Capital (xi) Depreciation (xviii) Drawings (v) Motor Vehicles (xii) … Read more