Question

Dani
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(8) bought goods
4. From the following transactions of Mr. Karim, determine the accounts to be debited an
credited by English Appraoch:
(i) Business commenced with cash 50,000 & furniture worth 10,000.
(ii) Bought goods from Ram for cash 10,000
(iii) Bought further goods from Kasim for 6,000
(iv) Paid rent 6000.
(v) Cash deposited into bank 20,000
(vi) Salary paid by cheque 2,000
(vii) Cash sale to Rahim 16,000
(viii) Sale to Rahim for 5,000 on credit.
(ix) Cash withdrawn from
bank 5,000 for personal use.
​

Answer 1

Explanation:

Dani

s ? What fun

ad limitations

(8) bought goods

4. From the following transactions of Mr. Karim, determine the accounts to be debited an

credited by English Appraoch:

(i) Business commenced with cash 50,000 & furniture worth 10,000.

(ii) Bought goods from Ram for cash 10,000

(iii) Bought further goods from Kasim for 6,000

(iv) Paid rent 6000.

(v) Cash deposited into bank 20,000

(vi) Salary paid by cheque 2,000

(vii) Cash sale to Rahim 16,000

(viii) Sale to Rahim for 5,000 on credit.

(ix) Cash withdrawn from

bank 5,000 for personal use.