[ISC] Q 4 Journal Solutions TS Grewal Class 11 (2023-24)

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Are you looking for the solution of Question number 4 Journal TS Grewal class 11 ISC 2023-24?

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) Sunil, Proprietor of the Business


Account NameSide (Decreases)
1) CashCredit (Assets)
2) Bank OverdraftDebit (Liability)
3) Outstanding Salary PaidDebit (Liability)
4) Outstanding RentDebit (Liability)
5) Prepaid InsuranceCredit (Assets)
6) Sunil, Proprietor of the BusinessDebit (Liability)
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