Mr. Mukesh Rana carries on ready made garments business. A few transactions are given below. Identify the transactions to be recorded in the books of his business. a) Purchased a typewriter for Rs. 6,000 for ofice use. b) Sold old domestic furniture for Rs. 500. c) Purchased cloth for garments for Rs. 10,000. d) A shirt worth Rs. 250 is taken home for his son. e) Appointed Satish as an assistant in the shop.
Based on the information given, the following transactions should be recorded in the books of Mr. Mukesh Rana’s ready made garments business: a) Purchased a typewriter for Rs. 6,000 for office use:Debit: Office Equipment A/C – Rs. 6,000Credit: Cash/Bank A/C – Rs. 6,000 b) Sold old domestic furniture for Rs. 500:Debit: Cash/Bank A/C – Rs. […]