Question

Manu started with cash 100000
He purchased furniture for business 20000
He purchased goods on credit form Anshul 6000
Paid to his creditor Anshul 2000
Paid salary to his clerk 1000
Paid rent 500
Received interest 200
State Nature of a/c and state which will be credited and which will be credited

Answer 1

Capital  A/c    Dr.                    1,00,000
   To Cash A/c                                              1,00,000

 

Purchase A/c Dr.                        20,000
  To Cash A/c                                                 20,000

Purchase A/c Dr.                           6,000
 To Anshul                                                       6,000

Salary  A/c  Dr.                               1,000
  To cash A/c                                                    1,000

Rent   A/c   Dr.                                 500
 To Cash A/c                                                     500

Cash A/c  Dr.                                    200
   To Interest A/c                                               200

Answer 2

1)started business with cash 
cash A/c - real account
capital A/c - personal account 

journal entry 

Cash A/c Dr  100000
    To capital A/c           100000
(being started business with cash )

2)purchased furniture

furniture - real account
 cash A/c - real account 

Journal entry 

furniture A/c  Dr  20000 
     To cash A/c                20000
(being purchased furniture)

3)purchased goods for credit from anushul

Purchases A/c - real A/c 
Anushul A/c - personal account

Journal entry

Purchases A/c  Dr  6000 
      To Anushul A/c           6000
(being purchased goods for credit )


4)paid to creditor 

cash A/c - real A/c 
Anushul -personal account

Journal entry 
Anushul A/c  Dr   2000
      To cash A/c                2000
(Being cash paid to Anushul)


5)paid salary to clerk 

salary A/c - nominal account 
cash A/c - real account

Jpurnal entry 
salary A/c Dr 1000
     To cash A/c       1000
(being salary paid )


6)Paid rent 

Rent - nominal A/c
 Cash - real A/c 

Rent A/c Dr    500 
   To cash A/c         500
(being rent paid)


7)Interest received 
interest received - nominal account 
cash - real account

Journal entry 

Cash A/c  Dr          200 
      To Interest received A/c      200
(being Interest received)


Hope its useful ..!