Question

(i) Manu started business with cash RS.
50,000
(ii) Bought furniture For RS. 500
(iii) Purchased goods on credit RS. 4,000
(iv) Sold goods on cash (cost $500) RS. 700
(v) Received rent RS. 200
(vi) Purchased goods for cash RS. 1,000
(vii) Withdrew for personal use RS.700
(viii) Paid to creditors Rs.400
(ix) Paid for salaries RS 200




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Answer 1

Explanation:

1) cash a/c ______ Dr. . To bank a/c

2) furniture a/c _____Dr.

To cash a/ c

3) purchase a/ c_______Dr. 4000

To cash a/ c 4000

4) cash a/c _____Dr. 500

To sales a/c 500

5) cash a/c ______ Dr. 200

To rent a/c 200

6) purchase a/c _____ Dr.

To cash a/c

7) cash a/c _____ Dr.

To Bank a/c

8) creditors a/c _____ Dr

To cash a/c

9) salary a/c _______ Dr.

To cash a/c