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April 17, 2014

Homework Help: accounting

Posted by mary on Wednesday, October 27, 2010 at 4:08pm.

transactions
1.bought machinery
for cash rs.50,000
2.payment made to XYZ
store rs.10,000by cheque
3.Purchased office
furniture on credit for
rs.15,000
4.Rs. 1,000 received as a
rent for the portion of
office building rented out
5.Paid salaries of
Rs.40,000 by cheque
from the following transactions state which account will be debited and which account will be debited from the following accounts involved, applications and reason with respect to rules of credit and debit

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