Q-1 (MARKS: 5)

1. Identify the Nature , Normal balance, Nominal or Real, closed or open of the Accounts given below

ACCOUNT NAME	NATURE	NORMAL BALANCE	NOMINAL/REAL	CLOSED/OPEN
Unearned revenue
Salary expense
Capital
Accumulated depreciation
Patents
Dividend

2. From the statements given below, Identify the Accounting principle or Assumption which is Violated

Statements	Principle /Assumption
Salary expense Pertaining to January is recorded in February when it is actually paid.
Advance from customers is recorded as revenue by the company.
The purchase of Equipment is recorded in the absence of invoice supporting purchases.
Business is not reporting its position and performance this year though required by law

d . Balance the following Account of Cash in T. Account form

Date	Explanation	Post ref	Debit	Credit
Jan-01			10,000
Jan-14				7,000
Jan-18			5,000
Jan -20				12,000