Question

To which account the following transactions will be debited and credited in the books of Ram? describe the reason.


(1) 50,000 Rs brought in cash and started business.
(2) a loan of 10,000 taken from Jasleen.
(3) bank account open by depositing 30,000.
(4) a computer purchased for 8000.



please answer urgently.

!!​

Answer 1

Answer:

(1) cash a/c. Dr. 50000

To capital A/c. 50000

(being business started with cash)

(2) Loan A/c. Dr. 10000

To Jasleen. 10000

(being loan taken from jasleen)

(3) Bank A/c. Dr. 30000

To cash A/c. 30000

(being cash deposited tp bank)

(4) Computer A/c. Dr. 8000

To cash A/c. 8000

(being computer purchased for cash)