Question

please do the transactions :
1.Wages paid for installation of the machine Rs150
2.Remuneration paid to the Manager by cheque Rs1400
3.Cash withdrawn from bank for office use Rs600
4.Interest on bank deposit Rs 250
5.Goods taken by proprietor from stock for private use Rs500
6.Withdrew cashRs 250 for personal use.
7.Cash salesRs 6,000.
8.Two chairs purchased in cashRs 450.
9.Bank charges Rs65
10.Paid life insurance premium Rs480 by cheque.​

Answer 1

1.Machinery a/c dr. To cash a/c

2.salary or remuneration a/c dr.

To Bank a/c

.

3.cash a/c dr. To Bank a/c.

4.Bank a/c dr. To Interest on deposit a/c or Interest a/c.

5.Drawings a/c. dr.

To purchase a/c.

6.drawings a/c. dr.

To cash a/c.

7.cash a/c dr.

To sales a/c.

8.purchase a/c. dr.

To cash a/c.

9.Bank charges A/c dr.

To bank A/c.

10.Life insurance premium dr.

To bank A/c.

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