Identifying Transactions

Commenced business with cash

• Cash ac Dr.

  Capital ac Cr

• Capital ac Dr.

  Cash ac Cr.

Purchased goods for cash

• Purchase ac Dr.

  Cash ac Cr.

• Cash ac Dr.

  Purchase ac Cr.

Purchased furniture for cash

• Cash ac Dr.

  Furniture ac Cr.

• Furniture ac Dr.

  Cash ac Cr.

Sold good for cash

• Cash ac Dr.

  Sales ac Cr

• Sales ac Dr

  Cash ac Cr

Purchased goods from Madhavan

• Purchase ac Dr

  Madhavan ac Cr

• Madhavan ac Dr.

  Purchase ac Cr.

Paid rent

• Rent ac Dr.

  Cash ac Cr.

• Cash ac Dr

  Rent ac Cr

Paid for stationary

• Cash ac Dr.

  Stationary ac Cr.

• Stationary ac Dr.

  Cash ac Cr

Paid salary

• Salary ac Dr.

  Cash ac Cr

• Cash ac Dr.

  Salary ac Cr