Transaction Sr. No. Two Accounts Classification Rules Aspects/ Involved of Accounts Applied Effects Account Account to be to be Debited Credited 1. Commenced business with Cash 90.000 2. Deposited cash into Dena Bank 9,000 Withdrew cash for Personal use 1,500.
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Activity: 02 Fill the following table.
Analysis of transaction by applying rules of Debit and Credit
(Traditional Approach)
Sr.
Transaction
Two
Accounts Classification
No.
Aspects/ Involved
of Accounts
Rules
Applied
Account Account
to be to be
Debited Credited
Effects
1.
2.
Commenced
business with Cash
90,000
Deposited cash into
Dena Bank
9,000
Withdrew cash for
Personal use * 1,500
3.
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