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) Purchase goods from Rakesh on credit 10,000

Answer» 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) Purchase goods from Rakesh on credit 10,000




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