Question

15. From the following transactions ,state the accounts involved,nature of account ,effect on account and state which account will be debited and which account will be credited according to Modern Approach of Accounting

a) Sahdev started business with cash

b) Purchased goods for cash

c) Purchased furniture from Raghubir on credit

d) Purchased furniture from Fancy Furniture House for ₹1,50,000 on credit

e) Sold goods for cash

f) Sold goods to Yuvraj on credit

g) Cash paid to Raghubir

h) Cash received from Yuvraj (4)​

Answer 1

Answer:

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