1. The following balances appeared in the books of Akshita :
Cash
80,000
Cash at Bank
* 20,000
Stock
30,000
Machinery
20,000
Outstanding salary
10,000
Prepaid insurance
1,000
3.
Sold goods costing * 5,000 on credit to Manish for
allowing
Received ₹
from Manish after receiving a cash discount of 300
which was 5% of the amount due from him.
Paid cash 5,000 for outstanding salary,
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Explanation:
1 . debit balance
2. debit balance
3. debit balance
4. debit balance
5. credit balance
6. debit balance
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