Advertisement

Question No 02 Chapter No 2 – D.K Goal Class 11

Question No 02 Chapter No 2
Q-2 - CH-2 - D.K Goal +1 Book 2020 - Solution

Advertisement

Question No 02 Chapter No 2

Advertisement

Q.2. On which side the decrease in the following accounts will be recorded? Also mention the nature of account:−

1Cash5Prepaid Insurance 
2Bank Overdraft6Manoj, Proprietor of the business
3Rent Paid  
4Outstanding Rent   

The solution of Question No 02 Chapter No 2: –

AccountsIncrease Recorded at Side
Nature
1. CashDebitAsset
   
2. Bank OverdraftCreditLiability
   
3. Rent PaidCreditExpense
   
4. Outstanding RentCreditLiability
   
5. Prepaid InsuranceDebitAsset
   
6. Manoj, Proprietor of the businessCreditCapital
   

Check out our article on the meaning of financial accounting: 

Financial Accounting – Introduction and its Functions

Advertisement-X

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

 

Advertisement

Advertisement

error: Content is protected !!