
Question No 25 Chapter No 4
25. Mention the side and the nature of the account which show the increase in the following Account
| (i) Salaries outstanding Account | (ii) Salaries Account |
| (iii) Sunanda (Proprietor) | (iv) Rent Received Account |
| (v) Bank Account | (vi) Building Account |
| (vii) Debtor’s Account | (viii) Motor Vehicle Account |
| (ix) Rent, Prepaid Account | (x) Sales Account |
| S. No. | Particulars | Side of Ledger |
Nature of Account |
|---|---|---|---|
| i | Salaries Outstanding Account | Credit | Personal Account |
| ii | Salaries Account | Credit | Personal Account |
| iii | Sunanda (Proprietor) | Credit | Personal Account |
| iv | Rent Received Account | Credit | Nominal Account |
| v | Bank Account | Debit | Real Account |
| vi | Building Account | Debit | Real Account |
| vii | Debtors Account | Debit | Real Account |
| viii | Motor Vehicle Account | Debit | Real Account |
| ix | Rent Prepaid Account | Debit | Personal Account |
| x | Sales Account | Credit | Nominal Account |
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Also, Check out the solved question of all Chapters: –
Chapter No. 2 - Theory Base of Accounting
Chapter No. 3 - Origin of Transactions
Chapter No. 4 - Vouchers and transactions
Chapter No. 6 - Accounting for Goods and Services Tax(GST)
Chapter No. 9 - Other Subsidiary Books
Chapter No. 10 - Journal Proper
Chapter No. 11 - Trial Balance
Chapter No. 12 - Bank Reconciliation Statement
Chapter No. 14 - Provisions and Reserves
Chapter No. 15 - Bills of Exchange
Chapter No. 16 - Rectification of Errors
Chapter No. 17 - Financial Statements - (Without Adjustments)
Chapter No. 18 - Financial Statements - (With Adjustments)
Accounting & Commerce Educator
Sarbjit Singh holds a B.Com and M.Com degree and has over 12 years of teaching experience in double entry bookkeeping, financial accounting, and business studies.
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