The Receiving aspect in a transaction is called as.
Debit aspect
Credit aspect
Neither of the two
None of these
Received interest Rs 500. It is ____________ to the business.
Expenses
Income
Loss
Credit capital as per American system indicates.
Additional capital introduced
Increase in capital
Both a and b
Cash account is classified under __________ account.
Real account
Nominal account
Personal account
One what side the decrease in Salary Outstanding will be recorded according to the rules of debit & credit?
Debit
Credit
Both a & b
None of the above
The right side of an account is known as _____________ side.
Right
Left
Rent paid is the nature of __________ account .
Asset
Expense
Liability
Which accounts are relate to incomes and gains?