[DK Goel] Q 16 Accounting Equations Solutions CBSE (2024-25) Class 11

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Solution of Question number 16 Accounting Equations DK Goel class 11 CBSE (2042-25).

On which side the decrease in the following accounts will be recorded? Also mention the nature of account:-

1. Cash

2. Bank Overdraft

3. Rent paid

4. Outstanding Rent

5. Prepaid Insurance

6. Manoj, Proprietor of the business

Solution:-

S.NAccountNatureDecrease
1Cash AssetCredit
2Bank OverdraftLiabilityDebit
3Rent PaidExpensesCredit
4Outstanding RentLiabilityDebit
5Prepaid InsuranceAssetCredit
6Manoj, Proprietor of the BusinessCapitalDebit

Below is the list of all solutions

S.NSolutions
1Question – 1
2Question – 2
3Question – 3
4Question – 4
5Question – 5
6Question – 6
7Question – 7
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10Question – 10
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11Question – 11
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S.NSolutions
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Anurag Pathak

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