Question

the following transactions, show the effect on accounting
Raj Started business with cash
40,000
Opened bank account with a deposit of 30,000
Bought goods from Hari on credit for 12,000
Raj withdrew cash for personal use
1,000
Bought furniture by using debit card for 10,000
old goods to Murugan and cash received 6,000
foney withdrawn from bank for office use 1,000​

Answer 1

Answer:

Explanation:

capital A/c Dr                            40,000

         to cash A/c                                        40,000

bank A/c Dr                               30,000

         to cash A/c                                        30,000

purchase A/c Dr                         12,000

         to credit A/c                                       12,000

drawings A/c Dr                            1,000

         to cash A/c                                           1,000

furniture A/c Dr                           10,000

          to cash A/c                                        10,000

cash A/c Dr                                   6,000

          to sales A/c                                         6,000

cash A/c Dr                                    1,000

          to bank A/c                                          1,000