State which of the following accounts will show debit balance and which will show credit balance:
State which of the following accounts will show debit balance and which will show credit balance:
| (i) Carriage | (ii) Machinery |
| (ii) Sales | (iv) Cash |
| (v) Anita (Customer) | (vi) Sales Returns |
| (vii) Purchases | (viii) Bad Debts |
| (ix) Discount Allowed | (x) Rent |
| (xi) Commission Received | (xii) Capital |
| (xiii) Repairs | (xiv) Purchases Return |
Anurag Pathak Changed status to publish September 18, 2023
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 Received | Credit |
| 12) Capital | Credit |
| 13) Repairs | Debit |
| 14) Purchases Return | Credit |
Anurag Pathak Changed status to publish September 18, 2023
