Question: On which side will the decrease in the following accounts be recorded? Also, state the nature of the account: (i) Cash (iii) Outstanding Salary paid
On which side will the decrease in the following accounts be recorded? Also, state the nature of the account: (i) Cash (iii) Outstanding Salary paid (u) Prepaid Insurance (ii) Bank Overdraft (iv) Outstanding Rent (vi) Mohan, Proprietor of the business [(i) Credit (Asset); (ii) Debit (Liability); (iii) Debit (Liability (iv) Debit (Liability); (v) Credit (Asset); (vi) Debit (Capital
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