Advertisements
Advertisements
प्रश्न
How are personal accounts classified?
टिप्पणी लिखिए
Advertisements
उत्तर
Personal account: Account relating to persons is called personal account. The personal account may be natural, artificial or representative personal account.
shaalaa.com
Approaches of Recording Transactions
क्या इस प्रश्न या उत्तर में कोई त्रुटि है?
APPEARS IN
संबंधित प्रश्न
The incorrect accounting equation is _____________.
Real account deals with ____________.
Which one of the following is representative personal account?
Prepaid rent is a ____________.
Write any one transaction which increases one asset and decreases another asset
Write a brief note on accounting equation approach of recording transactions.
What is an Account?
Classify the accounts with suitable examples.
For the following transactions, show the effect on the accounting equation.
- Raj started business with cash - ₹ 40,000
- Opened bank account with a deposit of - ₹ 30,000
- Bought goods from Hari on credit for - ₹ 12,000
- Raj withdrew cash for personal use - ₹ 1,000
- Bought furniture by using debit card for - ₹ 10,000
- Sold goods to Murugan and cash received - ₹ 6,000
- Money withdrawn from bank for office use - ₹ 1,000
Prepare accounting equation for the following transactions.
- Murugan commenced business with cash ₹ 80,000
- Purchased goods for cash ₹ 30,000
- Paid salaries by cash ₹ 5,000
- Bought goods from Kumar for ₹ 5,000 and deposited the money in CDM.
- Introduced additional capital of ₹ 10,000
