Question

13. Raghunath had the following transactions in an accounting year:
(1) Commenced business with cash 50,000.
(it) Paid into bank * 10,000.
(ii) Purchased goods for cash 20,000 and credit 30,000.
(iv) Sold goods for cash 40,000 costing * 30,000.
(U) Rent paid 500.
(vi) Rent outstanding 100.
(vii) Bought furniture 5,000 on credit.
(viii) Bought refrigerator for personal use 5,000.
(ix) Purchased motorcycle for cash 20,000.​

Answer 1

Answer:

1 )cash a/c dr

to capital a/c

2) bank a/c dr

to cash a/c

3) purchase a/c dr

to cash a/c

to creditors a/c