Accounting Transactions Exercises

Accounting transactions exercises

TRANSACTIONS EXERCISES:

Ø  Ram sold goods to Mohan for cash.

Cash a/c Dr.

Sale ac Cr.

Ø  Bought furniture from Ram to cash. 

By furniture a/c Dr.

To cash a/c Cr.

Ø  Purchase machine to cash from Ram.

By machine a/c Dr.

To cash a/c Cr.

Ø  Mohan paid cash for purchase.

By purchase a/c Dr.

To cash a/c Cr.

Ø  Cash deposit by Ram in to Bank.

By bank a/c Dr.

To cash a/c Cr.

Ø  Withdraw cash from bank for office use.

By cash a/c Dr.

To bank a/c Cr.

Ø  Sold furniture by Ram for cash to Mohan.

By cash a/c Dr.

To furniture a/c Cr.

Ø  Sold machine on credit to Mohan.

By Mohan a/c Dr.

To machine a/c Cr.

Ø  Paid for advertisement.

Advertisement a/c Dr.

To cash a/c Cr.

Ø  Receipt cash from Mohan for sale.

Cash a/c Dr.

Sale a/c Cr.

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Note: Accounting transactions exercises are most important to understand the subject. More transactions exercises in next articles.

Real Account