Analysis of Transactions

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
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