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.

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.

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.

Prepare 'Accounting Equation' from the following : (a) Started business with cash Rs.1,00,000. (b) Purchased goods for cash Rs.20,000 and on credit Rs.30,000. (c ) Sold goods for cash costing Rs. 10,000 and on credit costing Rs. 15,000 both at a prodit of 20%.

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.

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.

You are required to give (a) Journal Entries, (b) Nature of Account (whether Asset, Liability, Capital, Expense or Revenue), (c) Direction of change (Increase of Decrease), and (d) Appropriate rule for recording the change for the following transactions: Nitin invested Rs. 50,000 cash and Rs. 5,00,000 by cheque to start a business. 2. He deposited Rs. 5,000 out of cash in the bank. 3. Purchased goods for Rs. 5,000 against cash. 4. Pruchased a building and paid Rs. 2,50,000 by cheque. 5. Purchased goods from M/s. Hari & Co. for Rs. 1,00,000 6. Sold goods for cash Rs. 50,000. 7. Sold goods on credit to M/s Ramesh & Co, Rs. 25,000. 8. M/s. Ramesh & Co. returned goods of Rs. 5,000, being defective. 9. Goods returned to M/s. Hari & Co. at cost price, i.e., Rs. 4,000. 10. Paid salary to staff by cheque Rs. 15,000. 11. Paid rent for the residence of Nitin Rs. 10,000 by cheque. 12. Paid electricity charges for the month Rs. 1,000 in cash. 13. Paid telephone charges Rs. 500 in cash. 14. Bought office furniture for Rs. 25,000 against cheque. 15. Paid M/s. Hari & Co. on account Rs. 50,000 by cheque. 16. Received from M/s. Ramesh & Co. Rs. 15,000 by cheque. 17. Paid advance Rs. 20,000 by cheque to M/s. Abhi & Sons. 18. Received advance of Rs. 30,000 by cheque from M/s Ajay & Co. 19. Paid Rs. 1,000 for stationery. 20. Nitin withdrew Rs. 10,000 for household expenses out of cash.