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Analyse the following transactions , state the nature of accounts and state which account will be debited and which account will be credited on the basis of Modern Classification of Accounts : {:( ,,, "₹") , (1., "Dinesh started business with cash" ,, 5","00"," 000), (2.,"Borrowed from Naresh" ,, 1","00","000), (3.,"Purchased furniture for cash from Raj Furniture House" ,, 20"," 000), (4., "Purchased furniture from Delhi Safe",,40","000),(5.,"Purchased goods for cash",,15","000),(6.,"Purchased goods from Mahesh",,30","000),(7.,"Sold goods for cash to Karim" ,,25","000),(8.,"Sold goods to shyam on credit",,30","000),(9.,"Cash received fromShyam",,20","000),(10.,"Cash paid to Mahesh",,10","000):} |
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