Question

Put the following on the proper side of Cash account, Debtor’s account and creditor’s account :

a) Sold goods to Rohit on Rs.40000.

b) Purchased goods from Rudra on credit Rs.25000.

c) Cash received from Rohit Rs.30000.

d) Purchased goods from Rudra Rs.12000 for cash.

e) Goods sold Rs.15000 for cash.

f) Paid to Rudra Rs.15000.​

Answer 1

ASSETS:

1)CASH:(a) nil

(b) nil

(c) 30000

(d) -12000

(e) 15000

(f) -15000

2)DEBTORS: (a) ROHIT

3)CREDITORS: (b) RUDRA

*NOTE: 'nil' implies that there are no cash

transactions going on .

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