Category: Chapter No. 2 – Accounting Equations

Question No 03 Chapter No 2 Q.3. On which side the decrease in the following accounts will be recorded? Also mention the nature of account:− 1 Machinery 5 Proprietor’s Account 2 Wages Paid  6 Debtor 3 Rent Received  7 Prepaid Read More …

Question No 02 Chapter No 2 Q.2. On which side the decrease in the following accounts will be recorded? Also mention the nature of account:− 1 Cash 5 Prepaid Insurance  2 Bank Overdraft 6 Manoj, Proprietor of the business 3 Read More …

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:− 1 Furniture  5 Proprietor’s Account 2 Rent Paid  6 Debtor 3 Commission Received 7 Creditor Read More …