Question

pls help all questions fast​

Answer 1

golden principles of accounting .

personal account rule

dr- the receiver.

cr- the giver.

real account rule

dr- what comes in.

cr- what goes out.

nominal account rule.

dr- all expenses and losses.

cr- all incomes and gains.

the journal entry will be

7. ramesh a/c dr 200

to cash a/c 200

( being intrest paid to ramesh)

8. cash a/c dr 350

to Shiva a/c 350

( being intrest received from Shiva.)

9. cash a/c dr 280

to bank a/c 280

( being cash withdrawn for office use. )

10. furniture a/c dr 400

to cash a/c 400

( being furniture purchased for cash )

11. building a/c dr 1000

to bank a/c 1000

( being building purchased by cheque [bank])