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Solution:- i) Cash Capital Debit Credit 5,00,000 5,00,000 (ii) Furniture Cash Debit Credit 1,00,000 1,00,000 (iii) Purchase Anshul Debit Credit 30,000 30,000 (iv) Anshul Cash Debit Credit 10,000 10,000 (v) Salary Cash Debit Credit 5000 5000 (vi) Rent Cash Debit…

Solution:- Account Name Balance 1) Carriage Debit 2) Machinery Debit 3) Sales Credit 4) Cash Debit 5) Anita (Customer) Debit 6) Sales Returns Debit 7) Purchases Debit 8) Bad Debts Debit 9) Discount Allowed Debit 10) Rent Debit 11) Commission…

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  

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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