[ISC] Q 5 Journal Solutions TS Grewal Class 11 (2022-23)

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Are you looking for the solution of Question number 5 Journal TS Grewal class 11 ISC 2022-23?

Following is the list of various accounts. State which are asset, Liability, Capital, Revenue or Expense Accounts:

(i) Machinery

(ii) Bank

(iii) Sales

(iv) Purchases

(v) Unsold Stock

(vi) Bank Overdraft

(vii) Ram (Customer)

(viii) Cash

(ix) Interest Received

(x) Mohan (Proprietor)

Solution:-

Accounts NameTypes
1) MachineryAssets
2) BankAssets
3) SalesRevenue
4) PurchasesExpenses
5) Unsold StockAssets
6) Bank OverdraftLiability
7) Ram (Customer)Assets
8) CashAssets
9) Interest ReceivedRevenue
10) Mohan (Proprietor)Capital

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