Using T Accounts.
Rakesh set up Mechanotronics Ltd. Record the following transactions by entering debits and credits directly in the company’s accounts using the transaction letters as the key.
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(a) (b) (c) (d) (e) (f) (g) (h) (i) |
Rakesh invested cash in the company’s share capital, ` 10,000. Paid rent deposit for office premises, ` 5,000. Provided services for cash, ` 3,500. Purchased office equipment on credit, ` 2,500. Paid office rent for the month, ` 750. Billed customers for services provided, ` 3,300. Paid creditors, ` 1,500. Paid assistant’s wages, ` 250. Paid dividends, ` 1,000. |