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» Answer :DEBIT SIDE : (ii) and (iii) ; Credit side : (i) and (iv) ; BALANCE of Rakesh's ACCOUNT - ₹ 35, 000.

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