lecture 6

Double Entry System Questions

• Cash borrowed from X RS10,000

cash a/c - reala/c 

mr.x       -personal a/c

• Machinery purchased Rs. 30,000

machinery -real a/c

cash          -real a/c

• machinery purchased from Z on credit Rs. 10,000

machinery -real a/c

mr. z         -personal a/c

• money lent to mr. v rs 5,000

mr.v    -personal a/c

cash    -real a/c

• salary paid rs. 5,000

salary - nominal a/c

cash   -real a/c 

• commission received rs. 1000 

cash                        -real a/c

commission received-nominal a/c