Question

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​

Answer 1

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

7,50,0