Q: Machinery purchased from Umar Son's and cash paid Rs. 500,000.
11/€
A Debit Asset a/c Rs. 500,000 Credit Cash a/c Rs. 500,000
B Debit Machinery alc Rs. 500.000 Credit Cash alc Rs. 500 000
C Debit Purchase a/c Rs. 500,000 Credit Cash a/c Rs. 500.000
D Debit Cash a/c Rs. 500.000 Credit Machinery at Rs 500 000
Answers
Answer:
ANSWER:
Trial Balance
S. No.
Account Title
Debit
Balance
(Rs)
Credit
Balance
(Rs)
(i)
Capital
2,00,000
(ii)
Stock
70,000
(iii)
Cash
1,80,000
(iv)
Debtors
3,00,000
(v)
Creditors
1,00,000
(vi)
Bank Loan
1,50,000
(vii)
Sales
3,00,000
(viii)
Purchases
2,00,000
7,50,000
7,50,000
Answer:
Trial Balance
S. No.
Account Title
Debit
Balance
(Rs)
Credit
Balance
(Rs)
(i)
Capital
2,00,000
(ii)
Stock
70,000
(iii)
Cash
1,80,000
(iv)
Debtors
3,00,000
(v)
Creditors
1,00,000
(vi)
Bank Loan
1,50,000
(vii)
Sales
3,00,000
(viii)
Purchases
2,00,000
7,50,000
7,50,0
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