Question

Identify the two aspects of the following transactions.
a)purchased machinery by cheaque Rs.10000
b)paid salary Rs.5000.
C)received cash from sudeep Rs.1000​

Answer 1

Answer:

a) Machinery dr what comes in

bank payment cr what goes out

b) salary dr. all the expenses

cash cr what goes out

c)cash dr what comes in

sudeep cr the giver