Question

1. From the following transactions, state the nature of accounts and state which account will be debited and
which account will be credited:
Mr. Sashi started business with 1,00,000 in cash:
b) Purchased goods for cash 20,000;
c) Sold goods for cash 25,000;
d) Purchased furniture for 50,000 in cash;
e) Paid wages 5,000.​

Answer 1

1) cash a/c Dr capital a/c cr

2) purchases a/c Dr cash a/c cr

3) cash a/c Dr sales a/c cr

4) furniture a/c Dr cash a/c cr

5) wages a/c Dr cash a/c cr

Plz mark brainliest