Question No 01 Chapter No 2 – D.K Goal Class 11

Question No 01 Chapter No 2
Q-1 - CH-2 - D.K Goal +1 Book 2020 - Solution


Question No 01 Chapter No 2


Q1. On which side the increase in the following accounts will be recorded? Also mention the nature of account:−

1Furniture 5Proprietor’s Account
2Rent Paid 6Debtor
3Commission Received7Creditor
4Salary Paid Solution  

The solution of Question No 01 Chapter No 2: –

AccountsIncrease Recorded at Side
1. FurnitureDebitAsset
2. Rent PaidDebitExpense
3. Commission ReceivedCreditIncome
4. Salary Paid SolutionDebitExpense
5. Proprietor’s AccountCreditCapital
6. DebtorDebitAsset
7. CreditorCreditLiability

Check out our article on the meaning of financial accounting: 

Financial Accounting – Introduction and its Functions

Thanks, Please Like and share with your friends  


Comment if you have any questions.

Also, Check out the solved question of all Chapters from the following links: –

D K Goel – New ISC Accountancy -(Class 11 – ICSE)- Solution

Check out the Accountancy Class +1 by D.K. Goal (Arya Publication) from their official Site.

D K goel accountancy +1 - ISC_Accounts_11_20_Image-min
D K Goel accountancy +1 – ISC_Accounts_11_20_Image



error: Content is protected !!