Advertisements
Advertisements
प्रश्न
Prepaid rent is a ____________.
विकल्प
Nominal A/c
Personal A/c
Real A/c
Representative personal A/c
Advertisements
उत्तर
Prepaid rent is a Representative personal A/c.
APPEARS IN
संबंधित प्रश्न
The incorrect accounting equation is _____________.
Real account deals with ____________.
Which one of the following is representative personal account?
What is the accounting equation?
Write any one transaction which increases one asset and decreases another asset
Classify the accounts with suitable examples.
Complete the accounting equation.
Assets = Capital + Liabilities
₹ 1,00,000 = ₹ 80,000 + ?
Complete the accounting equation.
Assets = Capital + Creditors
? = ₹ 1, 60,000 + ₹ 80,000
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- Money withdrawn from bank for office use - ₹ 1,000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
