Question

Ravi had following transaction
commenced business with cash
Purchase goods for cash 10000 and credit 15000
Sold goods for cash 20000 costing 15000
Rent paid rupees 250 salary paid rupees 2500
Rent outstanding rupees 50 salaries outstanding rupess 500

Answer 1

Answer:

cash A/C debit

to capital A/C credit

purchase A/C debit

to cash A/C credit

cash A/C debit

to sale A/C credit

rent A/C debit

to cash A/C credit

salary A/C debit

to cash A/C credit