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Showing posts from August 18, 2013

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