Question

Write the following transactions in Debtor’s account, Creditor’s account and Cash account: Cash Sales ₹50,000
Sold goods to X on credit ₹80,000
Cash received from X ₹56,000
Purchased goods from Y on credit ₹44,000
Paid to Y ₹30,000
Cash purchases from Y ₹16,000

Answer 1

Answer:

Debtor’s account, Creditor’s account and Cash account: Cash Sales ₹50,000

Sold goods to X on credit ₹80,000

Cash received from X ₹56,000

Purchased goods from Y on credit ₹44,000

Paid to Y ₹30,000

Cash purchases from Y ₹16,000

Explanation:

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