1.

Analyse the following transactions , state the nature of accounts and state which account will be debited and which account credited:​ S.No Particulars ₹ (i) Lal started business with cash 3,00,000 (ii) Purchased furniture for cash from Shanti Furniture House 75,000 (iii) Purchase goods for cash 55,000 (iv) Sold goods for cash to Pal 35,000 (v) Sold goods to Om on credit 60,000 (vi) Deposited cash in bank for opening an account 70,000 (vii) Received a cheque from Om 20,000 (viii) Deposited Om's cheque the next day (ix) Borrowed from Sohan 1,00,000 (x) Purchased furniture from Haryana safe 50,000 (xi) Paid interest on loan 10,000 (xii) Paid rent by cheque 4,000 (xiii) Paid salary to staff 14,000 (xiv) Witrhdrew cash for personal use 5,000

Answer» Analyse the following transactions , state the nature of accounts and state which account will be debited and which account credited:































































































S.No

Particulars

(i) Lal started business with cash 3,00,000
(ii) Purchased furniture for cash from Shanti Furniture House 75,000
(iii) Purchase goods for cash 55,000
(iv) Sold goods for cash to Pal 35,000
(v) Sold goods to Om on credit 60,000
(vi) Deposited cash in bank for opening an account 70,000
(vii) Received a cheque from Om 20,000
(viii) Deposited Om's cheque the next day
(ix) Borrowed from Sohan 1,00,000
(x) Purchased furniture from Haryana safe 50,000
(xi) Paid interest on loan 10,000
(xii) Paid rent by cheque 4,000
(xiii) Paid salary to staff 14,000
(xiv) Witrhdrew cash for personal use 5,000








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