6,Bought Stamps Rs.10
Account to be debited Postage A/c.(Nominal A/c - Debit losses and expenses)
Account to be credited Cash A/c(Real A/c-Credit What goes out)
Reason -
(a)Postage is an expense..
(b)Cash goes out.
7.Withdrew cash from business for personal use Rs. 100
Account to be debited Drawings A/c (Personal A/c - Debit the receiver of benefit)
Account to be credited Cash A/c (Real A/c-Credit What goes out)
Reason -
(a)Proprietor is the receiver of benefit, when he withdraws cash from business for his personal use.
(b)Cash goes out.
8.Paid salary to manager Rs. 300
Account to be debited Salaries A/c (Nominal A/c - Debit
losses and expenses)
Account to be credited Cash A/c (Real A/c-Credit What goes out)
Reason -
(a)Salaries is an expense.
(b)Cash goes out.
9.Paid rent to landlord to Rs. 200.
Account to be debited Rent A/c (Nominal A/c - Debit losses and expenses)
Account to be credited Cash A/c (Real A/c-Credit What goes out)
Reason -
(a)Rent paid is an expense.
(b)Cash goes out.
10.Received commission from George Rs. 50
Account to be debited Cash A/c (Real A/c - Debit what comes in)
Account to be credited Commission A/c (Nominal A/c-Credit Incomes and gains)
Reason -
(a)Cash comes in
(b)Commission received is an income.
11.Paid for repairing machinery Rs. 30
Account to be debited Repairs A/c (Nominal A/c - Debit losses and expenses)
Account to be credited Cash A/c (Real A/c-Credit What goes out)
Reason -
(a)Repairs to machinery is an expense.
(b)Cash goes out.
12.Received cash from Raghav on account Rs. 400
Account to be debited Cash A/c (Real A/c - Debit What comes in)
Account to be credited Raghav A/c (Personal A/c-Credit the giver of benefit)
Reason -
(a)Cash comes in
(b)Raghav is the giver of benefit
13.Gave loan to Bhasker Rs.500.
Account to be debited Bhasker's Loan A/c (Personal A/c - Debit the receiver of benefit)
Account to be credited Cash A/c (Real A/c-Credit what goes out)
Reason -
(a)Bhasker is the receiver of benefit, i.e., loan.
(b)Cash goes out.
14.Purchased goods from Raghu Rs. 300
Account to be debited Purchases A/c (Real A/c - Debit what comes in
or Nominal A/c - Debit losses and expenses)
Account to be credited Raghu A/c (Personal A/c-Credit the giver of benefit)
Reason -
(a)Goods come in on purchase or goods purchased are an expense for the business.
(b)Raghu is the giver of benefit.
15.Opened a bank account with Rs. 600.
Account to be debited Bank A/c (Personal A/c - Debit the receiver of benefit)
Account to be credited Cash A/c (Nominal A/c-Credit what goes out)
Reason -
(a)Bank is the receiver of benefit i.e., cash
(b)Cash goes out.
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