Analysis of Transactions :-
SN
|
Transactions
|
Analysis
|
Title& Nature of Account
|
Rule
|
Debit / Credit
|
1
|
Started business with cash ₹ 10,000/-
|
Business gets cash
Owner is the giver
|
Cash- Real
Capital- Personal
|
Debit what comes in
Credit the giver
|
Cash debit
Capital credit
|
2
|
Cash deposited in SBI Bank ₹ 2,000/-
|
Bank received cash
Cash goes out
|
Bank- Personal
Cash- Real
|
Debit the Receiver
Credit what goes out
|
Bank debit
Cash credit
|
3
|
Purchases goods from Sinha ₹ 4,000/-
|
Goods comes in
Sinha is the giver
|
Purchases(goods)- Real
Sinha- Personal
|
Debit what comes in
Credit the giver
|
Purchases debit
Sinha credit
|
4
|
Sold goods for cash ₹ 5,000/-
|
Cash is received
Goods is goes out
|
Cash- Real
Sales(goods)- Real
|
Debit what comes in
Credit what goes out
|
Cash debit
Sales credit
|
5
|
Paid salary to employee ₹ 500/-
|
Service come
Cash goes out
|
Salary- Nominal
Cash- Real
|
Debit all expenses
Credit goes out
|
Salary debit
Cash credit
|
6
|
Purchases Furniture for cash ₹ 1000/-
|
Furniture come in
Cash goes out
|
Furniture- Real
Cash- Real
|
Debit what come in
Credit what goes out
|
Furniture debit
Cash credit
|
7
|
Rent outstanding
|
Service come in
But cash not paid
|
Rent- Nominal
o/s rent- Personal
|
Debit all expenses Credit the giver
|
Rent debit
o/s rent credit
|
8
|
|
|
|
|
|
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