[ISC] Q 5 Journal Solutions TS Grewal Class 11 (2023-24)
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)
Solution:-
| Accounts Name | Types |
| 1) Machinery | Assets |
| 2) Bank | Assets |
| 3) Sales | Revenue |
| 4) Purchases | Expenses |
| 5) Unsold Stock | Assets |
| 6) Bank Overdraft | Liability |
| 7) Harman (Customer) | Assets |
| 8) Cash | Assets |
| 9) Interest Received | Revenue |
| 10) Somesh (Proprietor) | Capital |
