Double Entry System Questions
- Cash borrowed from X RS10,000
mr.x -personal a/c
- Machinery purchased Rs. 30,000
cash -real a/c
- machinery purchased from Z on credit Rs. 10,000
mr. z -personal a/c
- money lent to mr. v rs 5,000
cash -real a/c
- salary paid rs. 5,000
cash -real a/c
- commission received rs. 1000
commission received-nominal a/c
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