Open a 'T' shape account of creditor , 'Rakesh' and write the following transactions on the proper side : {:(,,,"₹") , ((i), "Goods purchased from Rakesh on credit" ,, 50","000) , ((ii) , "Goods returned to Rakesh for" ,, 5","000) , ((iii) , "Paid to Rakesh" ,, 20","000) , ((iv), "Purchased goods from Rakesh on credit" ,, 10","000):}

Open a 'T' shape account of creditor , 'Rakesh' and write the followin

1.	Open a 'T' shape account of creditor , 'Rakesh' and write the following transactions on the proper side : {:(,,,"₹") , ((i), "Goods purchased from Rakesh on credit" ,, 50","000) , ((ii) , "Goods returned to Rakesh for" ,, 5","000) , ((iii) , "Paid to Rakesh" ,, 20","000) , ((iv), "Purchased goods from Rakesh on credit" ,, 10","000):}
Answer» <html><body><p><br/></p>Answer :<a href="https://interviewquestions.tuteehub.com/tag/debit-945425" style="font-weight:bold;" target="_blank" title="Click to know more about DEBIT">DEBIT</a> <a href="https://interviewquestions.tuteehub.com/tag/side-1206832" style="font-weight:bold;" target="_blank" title="Click to know more about SIDE">SIDE</a> : (ii) and (iii) ; Credit side : (i) and (iv) ; <a href="https://interviewquestions.tuteehub.com/tag/balance-891682" style="font-weight:bold;" target="_blank" title="Click to know more about BALANCE">BALANCE</a> of Rakesh's <a href="https://interviewquestions.tuteehub.com/tag/account-25640" style="font-weight:bold;" target="_blank" title="Click to know more about ACCOUNT">ACCOUNT</a> - ₹ 35, 000.</body></html>

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