1.

From the following transactions, state the nature of account and state which account will be debited and which account credited: ₹ (i) Manu started business with cash 1,00,000 (ii) He purchased furniture for business 20,000 (iii) Purchase goods on credit from Anshul 6,000 (iv) Paid to his creditor, Anshul 2,000 (v) Paid salary to his clerk 1,000 (vi) Paid rent 500 (vii) Received interest 200

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











































(i) Manu started business with cash 1,00,000
(ii) He purchased furniture for business 20,000
(iii) Purchase goods on credit from Anshul 6,000
(iv) Paid to his creditor, Anshul 2,000
(v) Paid salary to his clerk 1,000
(vi) Paid rent 500
(vii) Received interest 200




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