InterviewSolution
Saved Bookmarks
InterviewSolution
| 1. |
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) Furniture A/c "" (iv) Purchases A/c (v) Sales A/c "" (vi) Interest Paid A/c (vii) Sohan (Creditor ) "" (viii) Ram (Debtor) |
| Answer» <html><body><p><br/></p>Answer :(i) <a href="https://interviewquestions.tuteehub.com/tag/debit-945425" style="font-weight:bold;" target="_blank" title="Click to know more about DEBIT">DEBIT</a> (Asset); (ii) Credit (Capital ) ; (iii) Debit (<a href="https://interviewquestions.tuteehub.com/tag/expenses-980258" style="font-weight:bold;" target="_blank" title="Click to know more about EXPENSES">EXPENSES</a>) ; (iv) Debit (Expenses) ; (v) Credit (Revenues) ; (vi) Debit (Expenses) ; (vii) Credit (<a href="https://interviewquestions.tuteehub.com/tag/liability-541457" style="font-weight:bold;" target="_blank" title="Click to know more about LIABILITY">LIABILITY</a>) ; (viii) Debit (Asset).</body></html> | |