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 on the other side of the equation. There is an …
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 by ₹8, 00,000, and Inventory of goods by ₹50,000 on …
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 Enterprises as debtors) on the other hand. Increase in assets …
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 increases in revenue are credited. JournalCredit to Sales account 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 expenses are debited and Increases in liabilities are credited. Journal- …
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 and machinery (assets) by ₹ 1,25,000, decreases cash by₹ 10,000 …