Question

5. Mention the side and the nature of the account which shows the increase in the
following accounts:
(i) Salaries outstanding account
(ii) Salaries Account
(iii) Sunanda (Proprietor)
(iv) Rent Received Account
(v) Bank Account
(vi) Building Account
(vii) Debtor's Account
(viii) Motor Vehicle Account
(ix) Rent Prepaid
(x) Sales Account​

Answer 1

→ ANSWER ←

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ᴀᴄᴄᴏᴜɴᴛs ɴᴀᴛᴜʀᴇ ᴏғ ᴀᴄᴄᴏᴜɴᴛs ᴅr./ᴄr.

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Outstanding Personal Credit

salaries

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Salaries Personal Credit

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Sunanda Personal Credit

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Rent received Nominal Credit

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Bank Real Debit

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Building Real Debit

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Debtor Real Debit

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Motor Vehicle Real Debit

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Prepaid Rent Personal Debit

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Sales Nominal Credit

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❍ Pᴇʀsᴏɴᴀʟ Aᴄᴄᴏᴜɴᴛ

• Debit the receiver, Credit the giver

❍ Rᴇᴀʟ Aᴄᴄᴏᴜɴᴛ

• Debit what comes in, Credit what goes out

❍ Nᴏᴍɪɴᴀʟ Aᴄᴄᴏᴜɴᴛ

• Debit all expenses and losses, Credit all incomes and gains

Answer 2

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Mention the side and the nature of the account which shows the increase in the

following accounts —

1 Salaries outstanding account

2 Salaries Account

3 Sunanda (Proprietor)

4 Rent Received Account

5 Bank Account

6 Building Account

7 Debtor's Account

8 Motor Vehicle Account

9 Rent Prepaid

10 Sales Account

$\huge{\boxed{\rm{Answer}}}$

Side of the accounts -

1 Salaries outstanding account credit

2 Salaries Account credit

3 Sunanda (Proprietor) credit

4 Rent Received Account credit

5 Bank account credit

6 Building account debit

7 Debtor's Account

8 Motor Vehicle Account

9 Prepaid rent debit

10 Sales credit

Nature of the account -

1 Personal

2 Personal

3 Personal

4 Nominal

5 Real

6 Real

7 Real

8 Real

9 Personal

10 Nominal

Hope it's helpful

Thank you :)