Open 'T' shape account of our creditor 'Sanjay' and write the following transactions on the proper sise :
1. Purchased goods from Sanjay on Credit for Rs. 40,000.
2. Paid to Sanjay Rs. 25,000.
3. Again purchased goods from Sanjay on Credit for Rs. 16,000.
4. Goods returned to Sanjay for Rs. 2,000.
5. Paid to Sanjay Rs. 20,000.

Open 'T' shape account of our creditor 'Raghubir' and write the following transactions on the proper side : - 1. Purchased goods from Raghubir on credit for Rs. 50,000. 2. Returned goods to Raghubir for Rs. 5,000. 3. Paid to Raghubir Rs. 30,000. 4. Purchased goods from Raghubir on credit for Rs.16,000. 5. Paid to Raghubir Rs. 20,000.

Open 'T' shape account for furniture and write the following on the proper side : 1. Furniture purchased for Rs.20,000 2. Furniture sold costing Rs. 5,000 3. Furniture again purchased for Rs. 8,000 4. Old Furniture discarded for Rs.2,500 5. Value of Furniture was reduced by Rs. 2,000

From the following tansaction, state the nature of accounts and state the accounts which will be debited and credited: 1. Ganesh started business with Cash Rs.2,00,000. 2. Purchased goods for Cash Rs. 60,000. 3. Sold goods for cash Rs.75,000. 4. Purchased goods from Nakul on Credit for Rs. 80,000. 5. Sold goods to Bhushan on Credit fro Rs. 50,000. 6. Paid Cash to Nakul Rs. 20,000. 7. Received Cash from Bhushan Rs. 10,000. 8. Paid salary Rs. 20,000.

Put the following on the proper side of Cash account, Debtor's account and Creditor's account : (a) Sold goods for cash Rs. 60,000. (b) Sold goods to Hari on credit Rs. 20,000. (c ) Purchased goods from Krishan on credit Rs. 36,000. (d) Purchased goods from Krishan for cash Rs. 10,000. (e) Cash received from Hari Rs.15,000. (f) Cash paid to Krishan Rs. 28,000.

From the following transactions, state the nature of accounts and state which account will be debited and which account will be credited : 1. Sahdev started business with cash Rs. 5,00,000. 2. Purchased goods for cash Rs. 20,000. 3. Purchased goods from Raghubir on credit for Rs.25,000. 4. Purchased furniture from Fancy Furniture House for Rs.1,50,000 on credit. 5. Sold goods for cash R. 30,000. 6. Sold goods to Yuvraj on credit for Rs. 50,000. 7. Cash paid to Raghubir Rs. 20,000. 8. Cash received from Yuvraj Rs. 15,000. 9. Paid rent Rs. 10,000.

Analyse the following transactions, state the nature of accounts and the account that will be debited and credited as per the Traditional approach: 1. Dinesh started from Naresh Rs. 5,00,000. 2. Borrowed from Naresh Rs. 1,00,000. 3. Pruchased furniture for Rs 20,000 in cash from Raj Furniture House. 4. Pruchased furniture from Delhi Safe for Rs. 40,000. 5. Pruchased goods for cash Rs. 15,000. 6. Purchased goods from Mahesh Rs. 30,000. 7. Sold goods for cash to Karim Rs. 25,000. 8. Sold goods to Shyam on credit Rs. 30,000. 9. Cash received from Shyam Rs. 20,000. 10. Cash paid to Mahesh Rs. 10,000.

What will be the effect of the following on the Accounting Equation :- 1. Purchased goods for Rs.20,000 from Mahesh on Credit. 2. Sold goods to Suresh costing Rs.8,000 for Rs. 10,000 in cash. 3. Paid Wages Rs.500. 4. Withdrew in cash for private use Rs. 2,000. 5 Paid to creditors Rs. 5,000.

Prepare Accounting Equation from the following : (a) Started business with Cash Rs. 2,00,000. (b) Purchased goods for Cash Rs. 60,000 and on Credit Rs. 1,50,000. (c ) Sold goods for Cash costing Rs. 40,000 at a profit of 20% and on Credit costing Rs. 72,000 at a profit of 25%. (d) Paid for Rent Rs. 5,000.