Question

Analysis the following transactions, state the nature of accounts and state which account will be debited and which will be credited on the basis of modern classification of accounts:-
1)Dinesh started business with cash Rs50,00,000
2) Borrowed from Naresh Rs1,00,000
3) Purchased furniture for Rs20,000 in cash from Raj Furniture House
4) Purchased furniture from Delhi safe Rs40,000
5) Purchased goods for cash Rs15,000
6) Purchased goods from Mahesh Rs30,000
7) Sold goods for cash to Karim Rs25,000
8) Sold goods to shyam on credit Rs30,000
9) Cash received from shyam Rs20,000
10) Cash paid to Mahesh Rs10,000​

Answer 1

khushi your solution☝️☝️☝️☝️

Answer 2

Answer:

capital A/c -0

cash A/c. _cr