If cash is received Rs 2,00,000 from Akshat, Akshat account will be---------debited/credited.

Withdrawal of Money from bank for personal use ----------- account will be debited, - --------- account will be credited.

Increase in assets will be --------------and decrease in assets will be -----------, if modern approach is followed.

Increase in liability will be --------------and decrease in liability will be -----------, if modern approach is followed.

Salary due to clerk Rs 20,000 will be credited in ----------------- Account.

Furniture purchased on credit Rs 20, 000, ----------- account will be debited.

Horses purchased for business purpose will be debited to --------- account.

Delhi University is --------- --------type of account.

. Goods Costing Rs 8,000 sold at a profit of 20% on cost, then profit will be added in ---------account in accounting equation.

If Ram started a business with capital of Rs 50,000 on 1st April, 2018 and his capital of Rs 80,000 on 31st March, 2019 then interest on capital @ 10% will be Rs ----------.

Salary paid of Rs 20,000 from saving bank Account, ------------account will be debited and -----------account will be credited.

. Cash received from Debtors 19,800 against full settlement of Rs 20,000, then 200 will be debited to----------account.

If capital is Rs 1,00,000 and outside liability Rs 2,50,000 then total assets Rs ----------.

If total assets is Rs 1,30,000 and liabilities are Rs 50,000 then Net worth--------------.

Bought goods for cash Rs 20,000 from Ram and also purchased of Rs 40,000 on credit then stock of Rs ------------------will be increase.

If Pooja returned goods of Rs 2,000 to us, then -------------- account will be ----------- as per modern approach.

. If two machinery is purchased for Rs 20,000 and 10,000 respectively, first one is purchased for resale purpose and another one is for production purpose then machinery of Rs ---------- will be debited in Machinery Account.

Goods costing Rs 1,80,000 sold at a loss of 10% on cost, then sales account will be credited of Rs ----------------.

Wages of Rs 20,000 and goods of Rs 3,000 is used to for installation of machinery, ---------- Account will be debited by Rs ----------.

Paid life insurance premium of proprietor of Rs 12,000, then ------------ will be debited.

In case of Sole proprietorship balance of capital account shown in ---------------- side of balance sheet.

Ram working as a cashier in Reliance industry for the financial year 2019-20 and amount of 10 months’ salary Rs 2,00,000 credited in his account then 2 months’ salary of Rs 40,000 is shown in Reliance Industry by the name of --------------.

Goods costing 48,000 sold at a profit of 25% on sales to Ram, ¾th received in cash. Capital of Rs -------------will be increased in accounting equation.

Goods purchased from Krishna of Rs 20,000 and supplied to Radhika for Rs 26,000, out of which Radhika returned goods of Rs 7,800 due to not as per sample which returned to Krishna by Rs ------.

Goods costing Rs 50,000 sold at a loss of 20% on cost, 12,000 received in cash then debtors will increased by Rs --------------.

Goods costing Rs 6,000 (Invoice Price Rs 4,800) Loss by fire, Purchases account will be credited by Rs -------------.

Bought goods for cash Rs 20,000 from Ram and also purchased of Rs 40,000 on credit from Ram, then Ram account will be credited by Rs -----------------.

7. Salary paid to Ghanshyam Rs 8,000 for 10 months and salary of Rs 1600 is outstanding for 2 months. Then salary account will be debited by Rs ----------------.

Received cash of Rs 20,000 from Ramesh on behalf of Ganesh. Then ------------ account will be credited.

. If Ram started business with cash Rs 50,000, Machinery of Rs 20,000 and Loan from friend of Rs 10,000 @6% p.a. interest, then capital of Ram will be----------- .

Rishi Commenced business on 1St April, 2018 with Rs 5, 00,000 and long term Loan of Rs 3, 00,000. On 31st March, 2019 his assets were worth Rs 12, 00,000 and then current year Profit will be-----------------.

Goods costing 48,000 sold at a profit of 25% on sales to Ram, ¾th received in cash. Cash Rs-------------will be increased in accounting equation.

Goods costing 48,000 sold at a profit of 25% on sales to Ram, ¾th received in cash and half of remaining received a Post-dated cheque then Debtors of Rs -------------will be increased in accounting equation

Goods costing Rs 40,000 sold at a loss of 25% on cost, 12,000 received in cash then debtors will increased by Rs--------------.

Goods of Rs 50,000 is purchased and on it wages is paid for Rs 5,000 and Rs 1,000 is paid to worker for bringing goods, 1/4th of the goods is purchased by business for resale purpose then Purchases account will be debited by Rs ------------.

. If Personal investment of Rs 20,000 sold at a gain of Rs 5,000 and half of the proceed is used to make payment of creditors of business and half of proceed is deposited in current account of business then capital will be credited by Rs ----------------.

Opening capital of Rs 60,000, Closing capital of Rs 40,000, Loss during the year Rs 16,000, Drawings Rs 14,000 then Rs 10,000 will be subtracted to approach opening capital, then Rs 10,000 is known by the name of -----------------.

Purchase of goods in cash effects one element of accounting equation. Name of one element will be ----------------.

Ram a sole proprietor withdraw Rs 50,000 during the year, interest on drawings @ 6% p.a. will be of Rs ----------------- .

Pulkit commenced business on 1st April, 2018 with capital of Rs 5,00,000. On 31st March, 2019, his assets were worth Rs 8,80,000 and liabilities of Rs 70,000. Closing capital------ ------- and current year profit--------------- will be.

. Purchased goods of Rs 40,000; trade discount 15% and 5% cash discount on purchase price, IGST 12% and Payment made by cheque, bank will be credited by Rs ------------.

Bank overdraft is an Asset of a Business.

There is Decrease in liabilities due to payment to creditors.

Income tax paid treated as Drawings.

Rent for the month of March not paid is Increase in liabilities and decrease in capital.

Goods returned by customer is Increase in cash and increase in stock.

4. Identify expense in the following:-

5. Purchase of furniture for cash is:-

Capital increased when:-

Capital decreased when:-

Charged Depreciation on building is-

Rent for the month of March not paid is-

7. Goods returned by customer is-

Goods Given as charity (Sales price 500) of Rs 450-

Goods returned to supplier costing Rs 1000 and selling Price Rs 1100-

Goods costing of Rs 90,000 sold at a profit of 1/3 of cost, half of the payment received in cash treatment in accounting equation will be:-