Question

PROBLEMS
1. Identify the head of the account under both approches.
a. Sharath (Customer) g. Arundhati (Supplier)
b. Computer
h. Capital
Patents
i. Drawings
d. Sale of goods
j. Salaries
Car
k. Advertisements
Purchase of Goods
1. Stationery
m. Panchakshari (Debtor)
n. Rudramadevi
(Creditor)
e.
f.
a.
e.
i.
2. Identify the head of the account from the following accounts and also state debit or credit.
Rent Alc
Loan from Ravi
Machinery A/C
b. Copy rights Alc
Ac
j. Rahul
Ас
Canara Bank A/C
Rent received Alc
(Creditor)
d. Trade Marks Alc
Rama Rao Alc
k. Loan to Ramani
(Debtor)
Ac
h. Goodwill A/C
c.
f.​

Answer 1

Answer:

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Explanation:

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