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On which side the increase in the follo...

On which side the increase in the following accounts will be recorded ? Also mention the nature of account : -
1. Furniture
2. Rent Paid
3. Commission Received
4. Salary Paid
5. Proprietor's Account
6. Debtor
7. Creditor

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Verified by Experts

1. Debit - Asset
2. Debit - Expenses
3. Credit - Income
4. Debit - Expenses
5. Credit - Capital
6. Debit - Asset
7. Credit - Liability
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DK GOEL-ACCOUNTING EQUATIONS-PRACTICAL QUESTIONS (Question Nos. 1 to 20 are strictly in the serial order of Illustrations)
  1. Prove that the Accoounting Equation is satisfied in all the following ...

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  2. Prepare Accounting Equation from the following : (a) Started busines...

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  3. Prepare Accounting Equation from the following :

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  4. Mohit has the following transactions, prepare Accounting Equation :

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  5. What will be the effect of the following on the Accounting Equation ?...

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  6. Use Accounting Equation to show the effect of the following transacti...

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  7. Prepare Accounting Equation from the following : - 1. Started busine...

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  8. Prepare Accounting Equation from the following and also prepare a Bal...

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  9. If the Capital of a business is Rs. 1,20,000 and Qutside liabilities a...

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  10. If total assets of a business are Rs. 1,30,000 and capital is Rs. 80,...

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  11. A' commenced his cloth business on 1st April, 2011 with a capital of R...

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  12. (a) Yogesh commenced business on 1st April, 2011 with a Capital of Rs...

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  13. Give one example of each of the following transactions : (i) Increas...

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  14. On which side the increase in the following accounts will be recorded...

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  15. On which side the decrease in the following accounts will be recorded?...

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  16. From the following tansaction, state the nature of accounts and state ...

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  17. Open 'T' shape account for Machinery and write the following on the pr...

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  18. Open 'T' shape account of our creditor 'Raghubir' and write the follow...

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  19. Put the following on the proper side of Cash account, Debtor's account...

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  20. From the following transactions prepare the Proprietor's Accunt in 'T...

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