Question

So
Transaction
Sr.
No.
Two
Aspects/
Effects
Accounts Catego-
Involved ries
А
HAN
1. Rajesh Commenced
business with Cash
80,000
2. Paid Telephone bill
(Office) 5,000
3. Goods purchased for
cash 8,000.
4. Sold goods to Manoj
worth * 6,000
5. Purchased Machinery
from Suresh on credit
* 15.000
6. Received Rent
72,500​

Answer 1

1. cash acc Dr

To rajesh's capital acc

2.telephone bill acc Dr

To cash acc

3.purchases acc Dr

To cash acc

4.manoj acc Dr

To sales acc

5.machinery acc Dr

To creditors acc

6.cash acc dr

To rent. receivable ac