Question

name the account to be debited and credited in respect of the following transaction and give reason ( in accountancy )

1) purchased furniture
2) sold machinery
3) brought in for capital
4) purchased good for sunil
5) sold goods to anil
6) salary paid
7) commission received
8) paid to sunil
9) received from anil
plz find this qn urgent... ​

Answer 1

Answer:

1) Furniture ac Dr ( Furniture comes in by purchase )

To cash ac. ( cash goes out)

2) Cash ac Dr ( cash comes in )

To machinery ac. ( machinery goes out )

3) Cash ac Dr ( cash comes in business)

To capital ac ( owner is giver )

4) Purchase ac Dr ( goods comes in by purchase)

To Sunil ac ( Sunil is the giver )

[ IN THE QUESTION 4 IT IS FROM NOT FOR PLZ CORRECT IT ]

5) Anil ac. Dr ( Anil is the receiver )

To sales ac. ( Goods goes out by sales )

6) Salary ac Dr (Salary is an expense )

To cash ac ( cash goes out)

7) Cash ac Dr ( cash comes in)

To commission ac ( commission is an income)

8) Sunil ac Dr ( Sunil is the receiver)

To cash ac ( Cash goes out)

9) Cash ac Dr ( cash comes in)

To Anil ac ( Anil is the giver )

Explanation:

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