Question

from the following transactions, state the nature of account and state which account will be debited and
which account will be credited:​

Answer 1

Answer:

From the following Transactions, state the nature of account and state which account will be debited and which account credited: (i) Manu started business with cash – ₹ 1,00,000. (ii) He purchased furniture for business – ₹ 20,000. (iii) Purchase goods on credit from Anshul – ₹ 6,000.

Explanation:

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