Question

To which account, the following transaction will be. debited and credited in the books of Nilima ? Describe with reason:
(1) ₹5000 brought in cash and started business. (2) A loan of ₹10000 take from Jasleen.
(3) Bank account opened by depositing₹30000.
(4) A computer purchased for ₹8000 .
(5) Stationery purchased ₹1000.
(6) Purchase made of ₹20000.
(7) purchase is made of ₹30000 from Raman.
(8) Goods of ₹15000 sold on cash for ₹28000.
(9) Goods of ₹8000 sold to Nila for ₹ 15000 .
(10) Goods returned to Raman of ₹2000.
(11) Goods returned by Nila of ₹1500.
(12) paid ₹500 for carriage .
(13) Goods of ₹200 destroyed by fire.
(14) Commission received₹5000.
(15) ₹2000 paid for salary.​

Answer 1

In the Books Of Nilima

Explanation:

1. Cash comes in business(Capital) ─ Owner gave cash to Business for startup.

   Cash A/c Debit ─ Capital A/c Credit

2. Cash comes in ─ Bowered Cash from Jasleen.

    Cash A/c Debit ─ Jasleen A/c Credit

3. Bank as received cash ─  Cash goes out from business.

    Bank A/c Debit ─ Cash A/c Credit

4. Asset comes in ─ purchase a Computer.  

    Computer A/c Debit ─ Cash A/c Credit

5. Stationery expense ─ paid for Stationery Expense.

    Stationery A/c Debit ─ Cash A/c Credit

6.  Cash goes out ─ Purchase goods.

    Purchase A/c Debit ─ Cash A/c Credit

7. Comes goes out ─ Purchase Goods from Raman on Credit.

   Purchase A/c Debit ─ Raman A/c Credit  

8. Cash comes in business ─ Goods sold Sales made.

   Cash A/c Debit ─ Sales A/c Credit  

9. Sales made.  Nila is receiver ─ Not through cash. goods goes out.

   Nila A/c Debit ─ Sales A/c Credit

10. Raman is person. Raman is receiver ─ Purchase returned. goods goes out.

      Raman A/c debit ─ Purchase returned A/c credit  

11.  Sales returned. Goods comes in ─ Nila is person. Nila is giver.

     Sales returned A/c Debit ─ Nila A/c Credit

12. Carriage is Expense ─ Cash goes out from business

      carriage A/c Debit ─  cash A/c credit

13. Goods Lost by fire ─ purchase of goods lost.

       Goods lost by fire A/c Debit ─ purchase A/c credit  

14. Cash comes in business Commission is income.

     Cash A/c Debit ─ Commission A/c Credit  

15. Salary is an expenses ─ Cash goes out from business.

     Salary A/c Debit ─ Cash A/c Credit

Pls refer to the attached pic