7. From the following transactions, state the nature of account and state which account will be debited and which account credited:
| ₹ | ||
|---|---|---|
| (i) | Manu started business with cash | 1,00,000 |
| (ii) | He purchased furniture for business | 20,000 |
| (iii) | Purchased goods on credit from Anshul | 6,000 |
| (iv) | Paid to his creditor, Anshul | 2,000 |
| (v) | Paid salary to his clerk | 1,000 |
| (vi) | Paid rent | 500 |
| (vii) | Received interest | 200 |
T.S.Grewal/2024 Edition/Practical Problems/Q-07
For full question, please refer to the text book T.S.Grewal’s Double Entry Book Keeping-Financial Accounting, Textbook for CBSE Class XI published by Sultan Chand & Sons Pvt. Ltd.
