1

S no. Account name Increase in Account type

1 Building account Debit Asset
2 Creditor's account Credit Liability
3 Abhishek (proprietor) Credit capital
4 Purchase account Debit expense
5 Carriage Inward Account Debit expense
6 Cash Account Debit Asset
7 Rent Received Account Credit Revenue
8 Intrest payable account Credit Liability
9 Bills payable account Credit Liability
10 Debtors Account Debit Asset
11 Accured commission account Debit Asset
12 Bill Receivabe account Debit Asset

2
S no. Transactions Account invoNature of accoHow AffectDebt in Rs Credit in Rs
1 Dinesh Started business with c Cash Asset Increased 500000
Capital Capital Increased 50000
2 Borrowef from Naresh Rs 10000Cash Asset Increased 10000
loan on nareLiability Increased 10000
3 Purchased furniture for Rs 2000furniture Asset Increased 20000
Cash Asset decreased 20000
4 Purchased furniture from Delhi sfurniture Asset Increased 40000
delhi safe Liability Increased 40000
5 Purchased goods for cash Rs 15 Purchase Expense Increased 15000
Cash Asset decreased 15000
6 Purchased goods from Mahesh Purchase Expense Increased 30000
Mahesh Liability Increased 30000
7 Sold goods for cash to Karim Rs cash Asset Increased 25000
sales Revenue Increased 25000
8 Sold goods to Shyam on credit Shyam Asset Increased 30000
sales Revenue Increased 30000
9 Cash received from shyam rs 20cash Asset Increased 20000
Shyam Asset decreased 20000
10 Cash paid to Mahesh Rs10000 Mahesh Liability decreased 10000
cash Asset decreased 10000

3
S no. Transactions Account invoNature of accoHow AffectDebt in Rs Credit in Rs
1 Dinesh Started business with c Cash Asset Increased 100000
Capital Capital Increased 100000
2 Borrowef from Naresh Rs 10000Bank Asset Increased 50000
Cash Asset decreased 50000
3 Purchased furniture for Rs 2000Drwaing Capital decreased 5000
Cash Asset decreased 5000
4 Purchased furniture from Delhi sCash Asset Increased 10000
 Bank Asset decreased 10000
5 Purchased goods for cash Rs 15 Cheques in Asset Increased 5000
Shyam Asset decreased 5000
6 Purchased goods from Mahesh Bank Asset Increased 5000
Cash/chequeAsset decreased 5000
7 Sold goods for cash to Karim Rs Mahesh Liability decreased 10000
Bank Asset decreased 10000
8 Sold goods to Shyam on credit Salary expense Increased 20000
cash Asset decreased 20000
9 Cash received from shyam rs 20Rent expense Increased 60000
Bank Asset decreased 6000
10 Cash paid to Mahesh Rs10000 Intrest expense Increased 5000
Cash Asset decreased 5000

4
Furniture account
Dr. Cr.
IncreaRs Decrease(-)
1. Cas 50000 2. Cash- Sale 10000
3. Cas 15000 4. Furniture 5000
5. Depreciati 3000
Balance 47000
65000 65000

5 Mohan's Account
Dr. Cr.
DecreaRs Increase(+)
2. Cas 30000 2. Purchases 50000
3. Goo 3000 4. Purchases 10000
Balanc 27000
60000 60000

6
Cash Account
Dr. Cr.
IncreaRs Decrease(-) Rs
1.Sale 50000 5. Y (Creditor 30000
3. X(D 56000 6. Purchases 16000
Balance 60000
106000 106000

X's Account (debtor)

Dr. Cr.
IncreaRs Decrease(-) Rs
2.Sale 80000 3. Cash Rece 56000
 Balance 24000
80000 80000

y's Account (Creditors)

Dr. Cr.
DecreaRs Increase(+) Rs
5. Cas 30000 4.Purchases 44000
Balanc 14000
44000 44000

7
Dr.
Partic Rs Particulars Rs
To Drw 6500 By Cash a/c - 30000
To Bal 53000 By Cash a/c - 22000
By Profit and 7500
59500 59500
By Balance b 53000
Credit in Rs

Credit in Rs
 Assignment 3
1
S no. Account name Increase in Account type
1 Building account Debit Asset
2 Creditor's account Credit Liability
3 Abhishek (proprietor) Credit capital
4 Purchase account Debit expense
5 Carriage Inward Account Debit expense
6 Cash Account Debit Asset
7 Rent Received Account Credit Revenue
8 Intrest payable account Credit Liability
9 Bills payable account Credit Liability
10 Debtors Account Debit Asset
11 Accured commission account Debit Asset
12 Bill Receivabe account Debit Asset

2
Nature of Credit in
S no. Transactions Account involved How Affected Debt in Rs
account Rs
Dinesh Started business with
1 Cash Asset Increased 500000
cash Rs500000
Capital Capital Increased 50000
Borrowef from Naresh Rs
2 Cash Asset Increased 10000
100000
loan on naresh Liability Increased 10000
Purchased furniture for Rs
3 20000 in cash from Raj furniture Asset Increased 20000
Furniture house
Cash Asset decreased 20000
Purchased furniture from
4 furniture Asset Increased 40000
Delhi sales for Rs 40000
delhi sale Liability Increased 40000
5 Purchased goods for cash Rs Purchase Expense Increased 15000
15000
Cash Asset decreased 15000
Purchased goods from
6 Purchase Expense Increased 30000
Mahesh Rs 30000
Mahesh Liability Increased 30000
Sold goods for cash to Karim
7 cash Asset Increased 25000
Rs 25000
sales Revenue Increased 25000
Sold goods to Shyam on credit
8 Shyam Asset Increased 30000
Rs20000
sales Revenue Increased 30000
Cash received from shyam rs
9 cash Asset Increased 20000
20000
Shyam Asset decreased 20000
10 Cash paid to Mahesh Rs10000 Mahesh Liability decreased 10000

cash Asset decreased 10000

3
S no. Transactions Account involved Nature of How Affected Debt in Rs Credit in
account Rs
Dinesh Started business with
1 Cash Asset Increased 100000
cash Rs500000
Capital Capital Increased 100000
Borrowef from Naresh Rs
2 Bank Asset Increased 50000
100000
Cash Asset decreased 50000
Purchased furniture for Rs
3 20000 in cash from Raj Drwaing Capital decreased 5000
Furniture house
Cash Asset decreased 5000
Purchased furniture from
4 Cash Asset Increased 10000
Delhi sales for Rs 40000
Bank Asset decreased 10000
Purchased goods for cash Rs
5 Cheques in hand Asset Increased 5000
15000
Shyam Asset decreased 5000
Purchased goods from
6 Bank Asset Increased 5000
Mahesh Rs 30000
Cash/cheque in hand Asset decreased 5000
Sold goods for cash to Karim
7 Mahesh Liability decreased 10000
Rs 25000
Bank Asset decreased 10000
8 Sold goods to Shyam on credit Salary expense Increased 20000
Rs20000
cash Asset decreased 20000
Cash received from shyam rs
9 20000 Rent expense Increased 60000
Bank Asset decreased 6000
10 Cash paid to Mahesh Rs10000 Intrest expense Increased 5000

Cash Asset decreased 5000

4
Furniture account
Dr. Cr.
Increase(+) Rs Decrease(-)

1. Cash-
2. Cash- Saleof
Furniture 50000 10000
furniture
Purchased
3. Cash-
4. Furniture
Furniture 15000 5000
Discarded
Purchased
5. Depreciation
3000
on furniture
Balance 47000
65000 65000

5 Mohan's Account
Dr. Cr.
Decrease(-) Rs Increase(+)
2. Cash Paid 30000 2. Purchases 50000
3. Goods
Returned 3000 4. Purchases 10000
(Returns
Outward)
Balance 27000
60000 60000

6
Cash Account
Dr. Cr.
Increase(+) Rs Decrease(-) Rs
1.Sales 50000 5. Y (Creditor) 30000

3. X(Debtor) 56000 6. Purchases 16000

Balance 60000
106000 106000
 X's Account (debtor)
Dr. Cr.
Increase(+) Rs Decrease(-) Rs

2.Sales 80000 3. Cash Received 56000

Balance 24000
80000 80000

y's Account (Creditors)

Dr. Cr.
Decrease(-) Rs Increase(+) Rs
5. Cash Paid 30000 4.Purchases 44000
Balance 14000
44000 44000

7
Dr. Cr.
Particulars Rs Particulars Rs

To Drwaing 6500 By Cash a/c - 30000

Accounts Capital
To Balance By Cash a/c -
53000 22000
c/d Capital
By Profit and 7500
Loss A/c
59500 59500
By Balance b/d 53000