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

  1. Ganesh started business with Cash ₹2,00,000.
  2. Purchased goods for Cash ₹60,000.
  3. Sold goods for cash ₹75,000.
  4. Purchased goods from Nakul on Credit for ₹80,000.
  5. Sold goods to Bhushan on Credit for ₹50,000.
  6. Paid Cash to Nakul ₹20,000.
  7. Received Cash from Bhushan ₹10,000.
  8. Paid salary ₹20,000.

 

D.K.Goel/2024 Edition/Practical Questions/Q-17

For full question, please refer to the text book Accountancy Class-XI by Mr. D.K.Goel published by Avichal Publishing Company

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