Question

On which side will the increase in the following accounts be recorded? Also, state
the nature of the account: (under both approach)
(i) Machinery A/c (ii) Rohan (proprietor)
(iii) Wages A/c (iv) Purchases A/c
(v) Sales A/c (vi) Interest Paid A/c
(vii) Suresh (Creditor) (viii) Naresh (Debtor)

Answer 1

Answer:

i)machinery A/c real account

ii)Rohan personal account

iii)wages a/c nominal account

iv)purchases a/c and sales a/c both are nominal

vi)interest paid a/c nominal account

and suresh and naresh both are personal account

Hope this is helpful