Question

From the following transaction, show how to apply rules of debit and credit as per cash system of accounting
(A) started business with cash
(B) purchased goods from harish
(C) cash sales
(D) purchased furniture for cash (E) deposited into bank
(F) draw cash for personal use
(G) goods sold for nitesh
(H) rent paid
(I) paid sundry expenses
(J) postal stamps purchased for cash
(K) salary account

Answer 1

Answer:

draw cash for personal use