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Write the double entries for the following transactions. (a) Obtain a loan worth Rs.100,000/- from the bank. (b) Paid Rs. 150,000/- of the account owing
Write the double entries for the following transactions. (a) Obtain a loan worth Rs.100,000/- from the bank. (b) Paid Rs. 150,000/- of the account owing on the delivery truck. (c) Received cash from customers for services rendered Rs. 40,000/-. (d) George return goods worth Rs. 1,500/- that was bought on credit. (e) Benny's Pvt Ltd paid the Auditor Rs. 10,000/- with a check. (0) A debt of Rs. 100/- owing from Mahindra is written off as bad debts. (g) The purchase of a machine, Rs. 25,000/-, is debited to the purchase account instead of being debited to machinery account. (h) Milton Dias withdrew Rs.6,000/- from the organization for his personal use. (0) Repaid part of loan worth Rs. 3,000/- Gorge by cheque. c) Rent from the apartment of Rs. 31,150/- was received in cash
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