Question

From the following transactions, state the nature of account and state which account will be debited and which account credited: Rs.

(i) Manu started business with cash 1,00,000

(ii) He purchased furniture for business 20,000

(iii) Purchased goods on credit form Anshul 6,000

(iv) Paid to his creditor, Anshul 2,000

(v) Paid salary to his clerk 1,000

(vi) Paid rent 500

(vii) Received interest 200 From the following transactions, state the nature of account and state which account will be debited and which account credited: Rs.

(i) Manu started business with cash 1,00,000

(ii) He purchased furniture for business 20,000

(iii) Purchased goods on credit form Anshul 6,000

(iv) Paid to his creditor, Anshul 2,000

(v) Paid salary to his clerk 1,000

(vi) Paid rent 500

(vii) Received interest 200​

Answer 1

Answer:

debited

debited

debited

Debited

debited

debited

all same aswers

Explanation:

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