[ISC] Q 5 Journal Solutions TS Grewal Class 11 (2024-25)

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Solution of Question number 5 Journal TS Grewal class 11 ISC 2024-25.

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 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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