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 increase in cash by ₹60,000 and a decrease in inventory …
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 decrease in cash by ₹ 80,000 and an increase in …
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.
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