10. Open a “T shape account of creditor, Rakesh’, and write the following transactions on the proper side:

(i) Goods purchased from Rakesh on credit 50,000
(ii) Goods returned to Rakesh for 5,000
(iii) Paid to Rakesh 20,000
(iv) Purchased goods from Rakesh on credit 10,000

  T.S.Grewal/2024 Edition/Practical Problems/Q-10

For full question, please refer to the text book T.S.Grewal’s Double Entry Book Keeping-Financial Accounting, Textbook for CBSE Class XI published by Sultan Chand & Sons Pvt. Ltd.

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