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Open 'T' shap...

Question

Open 'T' shape account of our Debtor 'Ram' and write the following transactions on proper side:−

(₹)

(i) Sold goods to Ram on Credit 20,000

(ii) Received from Ram 15,000

(iii) Ram returned goods to us 3,000

(iv) Again sold goods to Ram on Credit 10,000

(v) Ram returned goods to us 1,000

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Solution

Increase in Debtors (being an asset) will be shown on the debit side and decrease in them will be recorded on the credit side of the Debtors Account.

Ram’s (Debtor) Account

Dr. Cr.

Particulars Amount (Rs) Particulars Amount (Rs)

Record increase in Debtors on this side- Record decrease in Debtors on this side-

1. Sold goods to Ram on credit 20,000 2. Received from Ram 15,000

4. Sold goods to Ram on credit 10,000 3. Ram returned goods 3,000

5. Ram returned goods 1,000

Total 30,000 Total 19,000

Balance c/d Balance 11,000

30,000 30,000

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