Question

Cash comes in
SOT 10 IdUIC
Cash goes out
Solution:
5)
Rent is an expenses
1) Two Aspects
Sr. No.
Two accounts
1
Cash A/C
Capital Alc
2
Purchases Alc
3
2) Two Aspects and Two Accounts.
Sr. No.
Two aspects
1 Cash comes in.
Business Proprietor is giver
2 Purchases is an expense.
Ajay is giver
3 Cash comes in.
Sales is an income
Cash comes in.
Commission is an income
5 Rent is an expense.
Cash goes out
Ajay Alc
Cash Alc
5
Sales Alc
Cash A/C
6
Commission A
Rent A/c
Cash Alc
24​

Answer 1

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