Home
Class 11
ACCOUNTS
From the following transactions, state t...

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.

Text Solution

Verified by Experts

Promotional Banner

Topper's Solved these Questions

  • ACCOUNTING EQUATIONS

    DK GOEL|Exercise ILLUSTRATION 17|1 Videos
  • ACCOUNTING EQUATIONS

    DK GOEL|Exercise ILLUSTRATION 18|1 Videos
  • ACCOUNTING EQUATIONS

    DK GOEL|Exercise ILLUSTRATION 15|1 Videos
  • ACCOUNTING FOR GOODS AND SERVICE TAX (GST)

    DK GOEL|Exercise Problems based on missing information|3 Videos