Question

18. From the following transactions, state the titles of the accounts to be affected, types of the accounts and
the account to be debited and the account to be credited:
1. Ankur started business with cash
600000
2. Purchase goods for cash
80000
3. Paid salaries
10000
4. Sold goods to rohit on credit
60000
5. Office machine purchased for cash
12000
6. He took loan from bank
30000
7. He received commission
4,000
8.Postage paid
500
9.Paid rent
6000
10.Received cash from Rohit
60000
I want answer in a table format.​

Answer 1

Explanation:

From the following transactions, state the titles of the accounts to be affected, types of the accounts and

the account to be debited and the account to be credited:

1. Ankur started business with cash

600000

2. Purchase goods for cash

80000

3. Paid salaries

10000

4. Sold goods to rohit on credit

60000

5. Office machine purchased for cash

12000

6. He took loan from bank

30000

7. He received commission

4,000

8.Postage paid

500

9.Paid rent

6000

10.Received cash from Rohit

60000

I want answer in a table format.