Question

practical problems
1 prepare achart showing analysis of the following transactions in a Tabular form according to Traditional approach:
1. Rajasaheb started businesses with cash ₹85,000
2, goods purchased for cash₹5,000
3.sold goods on credit worth ₹6,000
4. cash deposited into Bank of Maharashtra ₹12,000
5.​

Answer 1

Answer:

1 capital account

to cash account

2 purchase account

to cash account

3 cash account

by sales

4cash account

to bank account