Question

show the debit and credit of the following transaction according to traditional approach 1. mahesh started business with cash 2. bought furniture from bharat furniture house 3. purchase goods for cash 4. purchase goods from kumar for cash 5. purchase goods from kumar 6. paid wages 7. paid salary to rama 8. received commission from suresh 9. good sold to radha 10. cash sale 11. Good sold to radha 12. purchase machinery 13. paid cartage 14. amount deposited in book 15. cash withdrew for personal use

Answer 1

1.business account Dr. to cash account
2.furniture account Dr. to cash account
3.purchase account Dr. to cash account
4.purchase account Dr.to cash account
5.purchase account Dr. to Kumar account
6.is doubt
7.salary account Dr. to cash account
8.cash account Dr. to commission account
9.sales account Dr.to cash account
10.is not clear
11.as like 9th one
12. purchase account Dr.to cash account 13.cartage account Dr.to cash account
14.bank account Dr.to cash account
15.daily account Dr.to withdrawn account