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Ex- Purchased plant for ₹3,00,000 by paying ₹ 15,000 in cash and balance at a later date. It affects Cash and Plant and Machinery on the assets side and liabilities …
Ex-Introduced ₹8,00,000 as cash and ₹ 50,000 by stock. It affects Cash and Inventory on the assets side and Capital on the other hand. There is an increase in cash …
Received cheque as full payment from Rajani Enterprises and deposited same day into the bank Analysis of transaction : Increase assets (Bank) on the one hand and decreases assets (Rajani …
Paid the monthly store rent ₹2,500 in cash Analysis of transaction : decreases capital thus, are recorded as debits. Credit cash to record a decrease in assets.
Goods costing ₹25,000 sold to Rajani Enterprises for ₹35,000. Analysis of transaction: This transaction increases sales (Revenue) and increases assets (Rajani Enterprises as debtors). Increases in assets are debited and …
Goods purchased from Sumit Traders for ₹ 55,000 Analysis of transaction : This transaction increases purchases (expenses) and increases liabilities (M/s Sumit Traders as creditors) by ₹ 55,000. Increases in …
Bought Plant and Machinery from Ramjee lal for the business for – ₹ 1,25,000 and an advance of ₹ 10,000 in cash is given. Analysis of Transaction : increases plant …
Analysis of Transaction : This transaction increases furniture (assets) on one hand and decreases bank (assets) on the other hand by ₹60,000. Increases in assets are debited and Decreases are …
Analysis of Transaction: The transaction increases the cash at bank on one hand and decreases cash in hand on the other hand. Increases in assets are debited and a decrease …
