Question

Purchased household goods for Rs 15,000 giving Rs 5,000 in cash and the balance through a loan​

Answer 1

Answer:

Debit purchases of R15000 and credit cash of R5000, credit loan of R10000

Explanation

Debit purchases because they are increasing, credit cash because they reduced cash paying for the goods and credit loan because they increased loan by paying for the goods through loan

Answer 2

Answer:

assets = liabilities + Capital

(-)5000 = 10,000 + (-) 15000