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)

On which side will the increase in the following accounts be recorded

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» Answer :(i) DEBIT (Asset); (ii) Credit (Capital ) ; (iii) Debit (EXPENSES) ; (iv) Debit (Expenses) ; (v) Credit (Revenues) ; (vi) Debit (Expenses) ; (vii) Credit (LIABILITY) ; (viii) Debit (Asset).

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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)

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