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Question
Select appropriate alternatives from those given below and rewrite the sentence.
Real account always shows ____________ balance.
Options
minimum
maximum
debit
credit
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Solution
Real account always shows debit balance.
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| 2016 Jan. | Particulars | ₹ |
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| 2017 Aug. | Particulars | ₹ |
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Prepare Furniture A/c from the following transactions.
| 2016 Jan | Particulars | ₹ |
| 1 | Furniture in hand | 2,000 |
| 1 | Purchased furniture for cash | 4,000 |
| 30 | Sold furniture | 400 |
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| 2016 June | Particulars | ₹ |
| 1 | Commenced business with cash | 1,10,000 |
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| 2017 Aug. | Particulars | ₹ |
| 10 | Sold goods and cheque received but not deposited | 30,000 |
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| 1 | Credit balance of Anand’s A/c | 4,000 |
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| 20 | Paid to Anand | 3,960 |
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| 25 | Goods purchased from Anand | 5,000 |
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| 2017 June | Particulars |
| 1 | Raja commenced business with cash ₹ 50,000 |
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