Analyze the following transactions by applying rules of Debit and Credit (Traditional approach)
1. Mahesh & Sons started business with cash Rs.95,000.
2. Sold old Mobile for Rs.3,000.
3. Cash deposited into Janta Sahakari Bank Rs 25,000.
4. Purchased goods on credit from Nilesh Rs.2,000.
5. Purchase a chair for office use Rs.7,500
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Answer:
cash ac DR 95000
To capital ac 95000
cash ac DR 3000
to mobile ac 3000
bank ac DR 25000
to cash ac 25000
purchase ac DR 2000
to nilesh ac 2000
furniture ac DR 7500
to cash ac 7500
plz do mark it branliest
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