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Started business with cash Rs150000 _ Purchased goods for cash Rs 25000 Sold goods to C on credit Rs 20000 Paid salary for cash R515000

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Started business with cash Rs150000 _ Purchased goods for cash Rs 25000 Sold goods to C on credit Rs 20000 Paid salary for cash R515000 Deposited cash into the bank account R5100000 a. Identify the accounts being affected in the monetary transaction and Identify the type of accounts identified real, personal or nominal b. Discuss the rule of passing the journal entry applicable here and pass the journal entry (Golden rule or transaction analysis, any of these rule/s can be taken as a base to justify the answer)

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