ACCOUNTING PROCEDURES - RULES OF DEBIT AND CREDIT | PART - 3 | CHAPTER - 6 | Q&A | CLEARHINT

Illustration 3.
From the following transactions, state the nature of accounts and state the which accounts will be debited which will be credited

00:00 - Introduction
01:07 - Mohan started business with Cash Rs.5,00,000.
04:01 - Purchased goods for Cash Rs. 1,00,000.
05:08 - Sold goods for cash Rs.1,50,000.
07:25 - Received interest from Ram in cash of Rs 500.
10:00 - Sold goods to Ashok for Rs. 60,000.
13:50 - Purchased furniture for cash Rs. 50,000.
16:08 - Paid Wages Rs. 20,000.


**VIDEO RELEVANT LINKS:**
1. Accounting Procedures - Rules of Debit & Credit Part -1 Concept Video    • CONCEPT VIDEO | ACCOUNTING PROCEDURES...  
2. illustration.1 -    • ACCOUNTING PROCEDURES - RULES OF DEBI...  
3. illustration.2 -    • ACCOUNTING PROCEDURES - RULES OF DEBI...  




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