Goods amounting to ₹45,000 were sold for ₹60,000 on a cash basis. It affects Cash and Inventory on the assets side and capital on the other side. There is an …
Purchased goods worth ₹80,000 for cash and for ₹ 35,000 in credit. It affects Cash and Inventory on the assets side and liability on the other side. There is a …
Purchased office furniture for ₹ 1,00,000 and made payment by cheque. It affects assets side only. Furniture increases by ₹1,00,000 and by the same amount bank decreases.
Ex-Deposited ₹ 6,00,000 into the bank. It affects the assets side only. Cash decreases by ₹ 6,00,000 and by the same amount bank increases.
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 …
