Question

Question 12.
Put the following on the proper side of a Cash Account, a Debtor’s Account and a Creditor’s Account:
(i) Sold goods to Sanjay on credit – ₹ 50,000
(ii) Sold goods to Mohan for cash – ₹ 20,000
(iii) Purchased goods from Ram on credit – ₹ 25,000
(iv) Cash received from Sanjay – ₹ 19,000
(v) Goods returned by Sanjay – ₹ 2,000
(vi) Paid rent – ₹ 500
(vii) Cash paid to Ram – ₹ 15,000

Answer 1

Answer:

One

Explanation:

Creditors account, two cash account, three debtors account

Answer 2

The Accounts are shown below:

Explanation:

The Cash, Creditors and Debtors Accounts are shown as:

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