Question No 26 Chapter No 4
26. Mention the side and the nature of the account which show the decrease in the following Account
| (i) Cash Account | (ii) Investment Account |
| (iii) Commission Account | (iv) Commission Received in Advance Account |
| (v) Purchased Account | (vi) Yuvraj Singh (Proprietor) |
| (vii) Creditor’s Account | (viii) Interest Payable Account |
| (ix) Freight Account | (x) Rent Accrued Account (dur not Received) |
The Content covered in this article:
The solution of Question No 26 Chapter No 4: –
| S. No. | Particulars | Side of Ledger |
Nature of Account |
| i | Cash Account | Debit | Real Account |
| ii | Investment Account | Debit | Real Account |
| iii | Commission Account | Debit | Real Account |
| iv | Commission received in advance Account | Credit | Personal Account |
| v | Purchased Account | Debit | Real Account |
| vi | Yuvraj Singh (proprietor ) | Credit | Personal Account |
| vii | Creditor Account | Credit | Personal Account |
| viii | Interest payable Account | Credit | Personal Account |
| ix | Freight Account | Credit | Nominal Account |
| x | Rent Accrued Account (dur but not received | Debit | Personal Account |
What is Accounting Equation | Example
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Also, Check out the solved question of all Chapters: –
Chapter No. 2 – Theory Base of Accounting
Chapter No. 3 – Vouchers and transactions
Chapter No. 4 – Journal
Chapter No. 5 – Ledger
Chapter No. 6 – Cash Book
Chapter No. 7 – Other Subsidiary Books
Chapter No. 8 – Journal Proper
Chapter No. 9 – Trial Balance
Chapter No. 10 – Bank Reconciliation Statement
Chapter No. 11 – Depreciation
Chapter No. 12 – Provisions and Reserves
Chapter No. 13 – Bills of Exchange
Chapter No. 14 – Rectification of Errors
Chapter No. 15 – Financial Statements – (Without Adjustments)
Chapter No. 16 – Financial Statements – (With Adjustments)