Question

Question 10.
Open a ‘T’ shape account of creditor, Rakesh and write the following transactions on the proper side:
(i) Goods purchased from Rakesh on credit – ₹ 50,000
(ii) Goods returned to Rakesh for – ₹ 5,000
(iii) Paid to Rakesh – ₹ 20,000
(iv) Purchase goods from Rakesh on credit – ₹ 10,000

Answer 1

Answer:

200 to 2000 and coins of gaming #azim is not the necklace

Answer 2

The T shape creditors account is shown below:

Explanation:

• The T shape creditor account of Rakesh is shown as:
• The T shape account is the account which is an informal term used for the set of the financial records and it used the double- entry bookkepping.
• Creditors account is the account in which the business or person record all the transactions with the creditor from whom the business or person borrowed services and goods.
• On making the creditors account, it shows the balance which is carried forward amounts to Rs 35,000.