17. From the following transactions, state the nature of accounts and state the accounts which will be debited and credited:
- Ganesh started business with Cash ₹2,00,000.
- Purchased goods for Cash ₹60,000.
- Sold goods for cash ₹75,000.
- Purchased goods from Nakul on Credit for ₹80,000.
- Sold goods to Bhushan on Credit for ₹50,000.
- Paid Cash to Nakul ₹20,000.
- Received Cash from Bhushan ₹10,000.
- 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