Skip to content
Exercises · Q6

Q.State, without preparing the full ledger, whether each of the following accounts would normally show a debit balance or a credit balance, and why:

(i) Machinery A/c
(ii) Creditors A/c
(iii) Capital A/c
(iv) Salary A/c
(v) Commission Received A/c.
Tamil Nadu DgeTextbookSubjectiveImportance★★★★★
27% · 6/22 Questions
🔒 Locked · start free trial →

You're viewing a preview — the full solution, concept, methods & PYQ mapping are locked.

Start your 14-day free trial to unlock the full solution →
  1. Machinery A/c — an asset (Real Account) → normally a debit balance (assets are what the business owns, recorded on the debit side when acquired).
  2. Creditors A/c — a liability (Personal Account, representing what the business owes suppliers) → normally a credit balance.
  3. Capital A/c — represents what the business owes the owner → normally a credit balance.
  4. Salary A/c — an expense (Nominal Account) → normally a debit balance, since all expenses are debited.
  5. Commission Received A/c — an income (Nominal Account) → normally a credit balance, since all incomes/gains are credited. …

Unlock everything free for 14 days

  • Full step-by-step solutions
  • Concept-first explanations
  • Methods, shortcuts & mistakes
  • PYQ mapping + timed mock tests

Full access for 14 days. No credit card required.