On which side will the increase in the following accounts be recorded? Also, mention the nature of the account:
On which side will the increase in the following accounts be recorded? Also, mention the nature of the account:
| (i) Furniture A/c | (ii) Bharat (Proprietor) | (iii) Salary A/c |
| (iv) Purchases A/c | (v) Sales A/c | (vi) Interest Paid A/c |
| (vii) Dev (Creditor) | (viii) Pawan (Debtor) |
Anurag Pathak Changed status to publish September 18, 2023
Solution:-
| Accounts Name | Side |
| 1) Furniture A/c | Debit (Asset) |
| 2) Bharat (Proprietor) | Credit (Capital) |
| 3) Salary A/c | Debit (Expenses) |
| 4) Purchases A/c | Debit (Expenses) |
| 5) Sales A/c | Credit (Revenue) |
| 6) Interest Paid A/c | Debit (Expense) |
| 7) Dev (Creditor) | Credit (Liability) |
| 8) Pawan (Debtor) | Debit (Asset) |
Anurag Pathak Changed status to publish September 18, 2023
