Question

analyse each of the following transactions,giving the accounts to be denoted and credited with reason in each case.​

Answer 1

Explanation:

1. cash A/C ------------- Dr.

To Capital A/C

2. Furniture A/C ------------Dr.

To Cash A/C

3. House rent A/C -------------Dr.

To Cash A/C

4. Purchases A/C -------------Dr.

To Panicker & Co. A/C

5. Wages A/C ------------Dr.

To Cash A/C

6. Cash A/C ------------Dr.

To Sales A/C

7. Loan A/C ------------Dr.

To Neer Hassan A/C

8. Electricity bill A/C ----------------Dr.

To Cash A/C

9. Achintya Belel A/C ------------Dr.

To Sales A/C

10. Panicker & Co. A/C -------------Dr.

To Cash A/C

11. Neer Hassan A/C ---------------Dr.

To Cash A/C

To Interest on loan A/C

12. Achintya Belel A/C ------------------Dr.

To Purchases return A/C

13. Cash A/C --------------------Dr.

To Achintya Belel A/C

14. Purchases A/C ------------------ Dr.

To Cash A/C

15.