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(a) Capital a/c ↓ Person ↓ Personal a/c Cash a/c ↓ Tangible aspect/Asset ↓ Real a/c (b) Furniture a/c ↓ Asset ↓ Real a/c Cash a/c ↓ Tangible aspect/Asset ↓ Real a/c (c) Goods a/c ↓ Asset ↓ Real a/c Cash a/c ↓ Tangible aspect/Asset ↓ Real a/c (d) Goods a/c ↓ Asset ↓ Real a/c Ram a/c ↓ Person ↓ Personal a/c (e) Cash a/c ↓ Asset ↓ Real a/c Goods a/c ↓ Asset ↓ Real a/c (f) Goods a/c ↓ Asset ↓ Real a/c Shyam a/c ↓ Person ↓ Personal a/c (g) Goods a/c ↓ Asset ↓ Real a/c Ram a/c ↓ Person ↓ Personal a/c (h) Goods a/c ↓ Asset ↓ Real a/c Shyam a/c ↓ Person ↓ Personal a/c (i) Goods a/c ↓ Asset ↓ Real a/c Drawings a/c ↓ Person ↓ Personal a/c

No.	Problems & Solutions
02.	Name the two elements/accounts effected by the following transactions. Also state the nature/kind/type of of the elements Paid cash to Ram Rs. 5,000 Received cash from Shyam Rs. 3,000 wages Paid Rs. 750 Rent Received Rs. 2,000 Cash taken by proprietor for his personal use Rs. 2,500 Purchased stationery Rs. 300 Received interest Rs. 800

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(a) Ram a/c ↓ Person ↓ Personal a/c Cash a/c ↓ Tangible aspect/Asset ↓ Real a/c (b) Cash a/c ↓ Asset ↓ Real a/c Shyam a/c ↓ Person ↓ Personal a/c (c) Wages a/c ↓ Expense ↓ Nominal a/c Cash a/c ↓ Tangible aspect/Asset ↓ Real a/c (d) Cash a/c ↓ Asset ↓ Real a/c Rent a/c ↓ Income ↓ Nominal a/c (e) Cash a/c ↓ Asset ↓ Real a/c Drawings a/c ↓ Person ↓ Personal a/c (f) Cash a/c ↓ Asset ↓ Real a/c Stationery a/c ↓ Expense ↓ Nominal a/c (g) Cash a/c ↓ Asset ↓ Real a/c Interest a/c ↓ Income ↓ Nominal a/c

No.

Problems & Solutions

02.

What are the two elements/accounts effected by the following transactions. Also state the nature/kind/type of of the elements Paid Cash into Bank Rs. 25,000 Withdrawn from bank Rs. 5,000 Paid to Ram by Cheque Rs. 3,500 Received a cheque from Shyam Rs. 2,700 Purchased Machinery and paid by cheque Rs. 12,000 Salary paid by cheque Rs. 4,500 Commission received by Cheque Rs. 7,200 Withdrawn from bank for office use Rs.5,000 Withdrawn from bank for personal use Rs.3,000 Advertisement expenses paid by cheque Rs. 5,000

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(a) Bank a/c ↓ Organisation ↓ Personal a/c Cash a/c ↓ Tangible aspect/Asset ↓ Real a/c (b) Cash a/c ↓ Asset ↓ Real a/c Bank a/c ↓ Organisation ↓ Personal a/c (c) Bank a/c ↓ Organisation ↓ Personal a/c Ram a/c ↓ Person ↓ Personal a/c (d) Bank a/c ↓ Organisation ↓ Personal a/c Shyam a/c ↓ Person ↓ Personal a/c (e) Machinery a/c ↓ Asset ↓ Real a/c Bank a/c ↓ Organisation ↓ Personal a/c (f) Bank ↓ Organisation ↓ Personal a/c Salary a/c ↓ Expense ↓ Nominal a/c (g) Bank a/c ↓ Organisation ↓ Personal a/c Commission a/c ↓ Income ↓ Nominal a/c (h) Bank a/c ↓ Organisation ↓ Personal a/c Cash a/c ↓ Asset ↓ Real a/c (i) Drawings a/c ↓ Person ↓ Personal a/c Bank a/c ↓ Organisation ↓ Personal a/c (j) Bank a/c ↓ Organisation ↓ Personal a/c Advertisement a/c ↓ Expense ↓ Nominal a/c

Author Credit : The Edifier