Question

Identify the types of account -

a) Drawing account b) Electricity Bill account

c) Cash account d) Stationery stock account

e) Bad debt account f) dividend received account​

Answer 1

ᴀ) ᴀ ᴅʀᴀᴡɪɴɢ ᴀᴄᴄᴏᴜɴᴛ ɪs ᴀ ᴄᴏɴᴛʀᴀ ᴀᴄᴄᴏᴜɴᴛ ᴛᴏ ᴛʜᴇ ᴏᴡɴᴇʀ's ᴇϙᴜɪᴛʏ. ᴛʜᴇ ᴅʀᴀᴡɪɴɢ ᴀᴄᴄᴏᴜɴᴛ's ᴅᴇʙɪᴛ ʙᴀʟᴀɴᴄᴇ ɪs ᴄᴏɴᴛʀᴀʀʏ ᴛᴏ ᴛʜᴇ ᴇxᴘᴇᴄᴛᴇᴅ ᴄʀᴇᴅɪᴛ ʙᴀʟᴀɴᴄᴇ ᴏғ ᴀɴ ᴏᴡɴᴇʀ's ᴇϙᴜɪᴛʏ ᴀᴄᴄᴏᴜɴᴛ ʙᴇᴄᴀᴜsᴇ ᴏᴡɴᴇʀ ᴡɪᴛʜᴅʀᴀᴡᴀʟs ʀᴇᴘʀᴇsᴇɴᴛ ᴀ ʀᴇᴅᴜᴄᴛɪᴏɴ ᴏғ ᴛʜᴇ ᴏᴡɴᴇʀ's ᴇϙᴜɪᴛʏ ɪɴ ᴀ ʙᴜsɪɴᴇss.

ʙ) ᴀʟʟ ᴇxᴘᴇɴsᴇ ᴀɴᴅ ɪɴᴄᴏᴍᴇ ᴀᴄᴄᴏᴜɴᴛs ᴀʀᴇ ɴᴏᴍɪɴᴀʟ ᴀᴄᴄᴏᴜɴᴛs. ɪɴᴛᴇʀᴇsᴛ, ʀᴇɴᴛ , ᴇʟᴇᴄᴛʀɪᴄɪᴛʏ, ᴡᴀɢᴇs, sᴀʟᴀʀɪᴇs ᴀʀᴇ ᴇxᴘᴇɴsᴇs ᴀɴᴅ ᴀʀᴇ ᴄᴏɴsɪᴅᴇʀᴇᴅ ᴀs ɴᴏᴍɪɴᴀʟ ᴀᴄᴄᴏᴜɴᴛ. ... ɴᴏɴᴇ ᴏғ ᴛʜᴇ ɴᴏᴍɪɴᴀʟ ᴀᴄᴄᴏᴜɴᴛ ʙᴀʟᴀɴᴄᴇ ɪs ᴄᴀʀʀɪᴇᴅ ᴏᴠᴇʀ ᴛᴏ ᴛʜᴇ ɴᴇxᴛ ғɪɴᴀɴᴄɪᴀʟ ʏᴇᴀʀ.

ᴄ) ᴄᴀsʜ ᴀᴄᴄᴏᴜɴᴛ – ᴛʜɪs ᴀᴄᴄᴏᴜɴᴛ ɪs ᴜsᴇᴅ ғᴏʀ ᴋᴇᴇᴘɪɴɢ ᴛʜᴇ ʀᴇᴄᴏʀᴅs ᴏғ ᴘᴀʏᴍᴇɴᴛs ᴅᴏɴᴇ ʙʏ ᴄᴀsʜ, ᴡɪᴛʜᴅʀᴀᴡᴀʟs, ᴀɴᴅ ᴅᴇᴘᴏsɪᴛs. ɪɴᴄᴏᴍᴇ ᴀᴄᴄᴏᴜɴᴛ – ᴘᴜʀᴘᴏsᴇ ᴏғ ᴛʜɪs ᴀᴄᴄᴏᴜɴᴛ ɪs ᴛᴏ ᴋᴇᴇᴘ ᴛʜᴇ ʀᴇᴄᴏʀᴅ ᴏғ ᴛʜᴇ ɪɴᴄᴏᴍᴇ sᴏᴜʀᴄᴇs ᴏғ ʙᴜsɪɴᴇss. ᴇxᴘᴇɴsᴇ ᴀᴄᴄᴏᴜɴᴛ – ᴛʜɪs ᴀᴄᴄᴏᴜɴᴛ ᴛʀᴀᴄᴋs ᴛʜᴇ ᴇxᴘᴇɴᴅɪᴛᴜʀᴇ ᴏғ ᴛʜᴇ ʙᴜsɪɴᴇss.

Answer 2

Answer:

i hope it will help you.......