[ISC] Q 5 Journal Solutions TS Grewal Class 11 (2023-24)

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Are you looking for the solution of Question number 5 Journal TS Grewal class 11 ISC 2023-24?

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) Harman (Customer)

(viii) Cash

(ix) Interest Received

(x) Somesh (Proprietor)


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