Put the following on the proper side of Cash account, Debtor's account and Creditor's account:
(a) Sold goods for cash ₹ 60,000.
(b) Sold goods to Hari on credit ₹ 20,000.
(c) Purchased goods from Krishan on credit ₹ 36,000.
(d) Purchased goods from Krishan for cash ₹ 10,000.
(e) Cash received from Hari ₹ 15,000.
(f) Cash paid to Krishan ₹ 28,000.
(a) Sold goods for cash ₹ 60,000.
(b) Sold goods to Hari on credit ₹ 20,000.
(c) Purchased goods from Krishan on credit ₹ 36,000.
(d) Purchased goods from Krishan for cash ₹ 10,000.
(e) Cash received from Hari ₹ 15,000.
(f) Cash paid to Krishan ₹ 28,000.
Increase in Cash (being an asset) will be shown on the debit side and decrease in cash will be recorded on the credit side of the Cash Account.
Cash Account
Dr.
Cr.
Particulars
Amount
(Rs)
Particulars
Amount
(Rs)
Record increase in Cash on this side-
Record decrease in Cash on this side-
(a) Sold goods for cash
60,000
(d) Purchased goods for cash
10,000
(e) Cash received from Hari
15,000
(f) Cash paid to Krishan
28,000
Total
75,000
Total
38,000
Balance
37,000
75,000
75,000
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.
Debtors Account
Dr.
Cr.
Particulars
Amount (Rs)
Particulars
Amount (Rs)
Record increase in Debtors on this side-
Record decrease in Debtors on this side-
(b) Sold goods on credit
20,000
(e) Cash received from debtor
15,000
Total
20,000
Total
15,000
Balance
5,000
20,000
20,000
Increase in Creditors (being a liability) will be shown on the credit side and decrease in the creditors will be recorded on the debit side of the Creditors Account.
Creditors Account
Dr.
Cr.
Particulars
Amount (Rs)
Particulars
Amount (Rs)
Record decrease in Creditors on this side-
Record increase in Creditors on this side-
(f) Cash paid to creditor
28,000
(c) Purchased goods on credit
36,000
Total
28,000
Total
36,000
Balance
8,000
36,000
36,000
Increase in Cash (being an asset) will be shown on the debit side and decrease in cash will be recorded on the credit side of the Cash Account.
|
Cash Account |
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|
Dr. |
|
Cr. |
|||
|
Particulars |
Amount (Rs) |
Particulars |
Amount (Rs) |
||
|
Record increase in Cash on this side- |
|
Record decrease in Cash on this side- |
|
||
|
(a) Sold goods for cash |
60,000 |
(d) Purchased goods for cash |
10,000 |
||
|
(e) Cash received from Hari |
15,000 |
(f) Cash paid to Krishan |
28,000 |
||
|
Total |
75,000 |
Total |
38,000 |
||
|
|
|
Balance |
37,000 |
||
|
|
75,000 |
|
75,000 |
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|
|
|
|
|
||
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.
| Debtors Account | ||||
| Dr. | Cr. | |||
| Particulars | Amount (Rs) | Particulars | Amount (Rs) | |
| Record increase in Debtors on this side- | Record decrease in Debtors on this side- | |||
| (b) Sold goods on credit | 20,000 | (e) Cash received from debtor | 15,000 | |
| Total | 20,000 | Total | 15,000 | |
| Balance | 5,000 | |||
| 20,000 | 20,000 | |||
Increase in Creditors (being a liability) will be shown on the credit side and decrease in the creditors will be recorded on the debit side of the Creditors Account.
| Creditors Account | ||||
| Dr. | Cr. | |||
| Particulars | Amount (Rs) | Particulars | Amount (Rs) | |
| Record decrease in Creditors on this side- | Record increase in Creditors on this side- | |||
| (f) Cash paid to creditor | 28,000 | (c) Purchased goods on credit | 36,000 | |
| Total | 28,000 | Total | 36,000 | |
| Balance | 8,000 | |||
| 36,000 | 36,000 | |||
