wiz-icon
MyQuestionIcon
MyQuestionIcon
1645
You visited us 1645 times! Enjoying our articles? Unlock Full Access!
Question

When we have received money on realisation of assets. It is shown on the debit side of account.

A
realisation
No worries! We‘ve got your back. Try BYJU‘S free classes today!
B
revaluation
No worries! We‘ve got your back. Try BYJU‘S free classes today!
C
bank
Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses
D
capital
No worries! We‘ve got your back. Try BYJU‘S free classes today!
Open in App
Solution

The correct option is C bank
On sale of assets, we received a cheque or cash, so bank balance is increased and we show it on the debit side.

flag
Suggest Corrections
thumbs-up
0
Join BYJU'S Learning Program
similar_icon
Related Videos
thumbnail
lock
Let’s Settle
ACCOUNTANCY
Watch in App
Join BYJU'S Learning Program
CrossIcon