Question

Give a brief explanation of the following a) Rasheed a/c Dr
To sales A/c b) Bank a/c Dr
To cash
c) Drawing a/c Dr
To cash

Answer 1

Answer:

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Answer 2

Answer:

Explanation:

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(1) Rasheed a/c dr  

         To sales a/c

(Credit sale to rasheed)

_____________________

(2)  Bank alc dr

         To cash a/c

(Paid into bank/deposited

Into bank)

(3) Drawings a/c dr

         To cash a/c

(Withdrew cash for personal

Purpose)