Following is the list of various accounts. State which are asset, Liability, Capital, Revenue or Expense Accounts:
Following is the list of various accounts. State which are asset, Liability, Capital, Revenue or Expense Accounts:
(i) Machinery
(ii) Bank
(iii) Sales
(iv) Purchases
(v) Unsold Stock
(vi) Bank Overdraft
(vii) Harman (Customer)
(viii) Cash
(ix) Interest Received
(x) Somesh (Proprietor)
Anurag Pathak Changed status to publish September 18, 2023
Solution:-
| Accounts Name | Types |
| 1) Machinery | Assets |
| 2) Bank | Assets |
| 3) Sales | Revenue |
| 4) Purchases | Expenses |
| 5) Unsold Stock | Assets |
| 6) Bank Overdraft | Liability |
| 7) Harman (Customer) | Assets |
| 8) Cash | Assets |
| 9) Interest Received | Revenue |
| 10) Somesh (Proprietor) | Capital |
Anurag Pathak Changed status to publish September 18, 2023
