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Solution:- Account Name Side (Decreases) 1) Cash Credit (Assets) 2) Bank Overdraft Debit (Liability) 3) Outstanding Salary Paid Debit (Liability) 4) Outstanding Rent Debit (Liability) 5) Prepaid Insurance Credit (Assets) 6) Sunil, Proprietor of the Business Debit (Liability)

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)…

Solution:- S.N Solutions 1) Plant and Machinery Assets 2) Bank Loan Liabilities 3) Sales Revenue 4) Rent Paid Expenses 5) Discount Received Revenue 6) Carriage Inwards Expenses 7) Carriage Outwards Expenses 8) Purchases Expenses 9) Bills Payable Liabilities 10) Wages…

Solution:- Account Type 1) Land Real 2) Investments Real 3) Building Real 4) Interest Received Personal 5) Salary Nominal Account 6) Loan Personal Account 7) Bank Overdraft Personal Account 8) Debtors Personal Account 9) Creditors Personal Account 10) Purchases Return…

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