[ISC] Q 4 Journal Solutions TS Grewal Class 11 (2022-23)
Are you looking for the solution of Question number 4 Journal TS Grewal class 11 ISC 2022-23?
On which side will the decrease in the following accounts be recorded? Also, mention the nature of the account:
(i) Cash
(ii) Bank Overdraft
(iii) Outstanding Salary Paid
(iv) Outstanding Rent
(iv) Outstanding Rent
(vi) Mohan, Proprietor of the Business
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) Mohan, Proprietor of the Business | Debit (Liability) |
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1 | Question – 1 |
2 | Question – 2 |
3 | Question – 3 |
4 | Question – 4 |
5 | Question – 5 |
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7 | Question – 7 |
8 | Question – 8 |
9 | Question – 9 |
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12 | Question – 12 |
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16 | Question – 16 |
17 | Question – 17 |
18 | Question – 18 |
19 | Question – 19 |
20 | Question – 20 |
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21 | Question – 21 |
22 | Question – 22 |
23 | Question – 23 |
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26 | Question – 26 |
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28 | Question – 28 |