Question

Analysis in tabular form according to traditional approach

Answer 1

Answer:

1:cash a/c dr.₹85000

To capital a/c ₹85000

2: computer a/c dr. ₹9000

To cash a/c ₹9000

3: Mohan's a/c dr.₹6000

To sales a/c ₹6000

4:Cash a/c dr. ₹1000

To Bank a/c ₹1000

5: Purchases a/c Dr. ₹3000

To cash a/c ₹3000

6: Cash a/c Dr.₹2500

To commission received a/c ₹2500

(Because commission received is a income according to rule Dr. all expenses and losses. Cr. all incomes and gains )

7:Rent a/c Dr. ₹2000

To landlord's a/c ₹2000

8:Mr.Ritesh's a/c Dr.₹13000

To sales a/c ₹13000

9:Cash a/c dr. ₹5500

To sales a/c ₹5500

10: Bank a/c Dr.₹1000

To cash a/c ₹1000