To which account, the following transactions will be debited and credited in the books of Nilima? Describe with reason

1. ₹50,000 brought in cash and started business.

2. A loan of₹10,000 taken from Jasleen.

3. Bank account opened by depositing ₹30,000.

4. A computer purchased for ₹8,000.

5. Stationery purchased ₹1,000.

6. Purchase made of ₹20,000.

7. Purchase is made of ₹30,000 from Raman. 

8. Goods of ₹15,000, sold on cash for ₹28,000.

9. Goods of ₹8,000 sold to Nila for ₹15,000.

10. Goods returned to Raman of ₹2,000.

11. Goods returned by Nila of ₹1,500.

12. Paid ₹500 for carriage.

13. Goods of ₹200 destroyed by fire. 

14. Commission received ₹5,000.

15. ₹2,000 paid or salary.

Solution

In the Books Of Nilima.

Sr. No.	Transaction	Dr.  Benefit receiver person	Dr.   Goods/Asset comes in	Dr.   In case of Expense/ Loss	Cr.   Benefit giver   person	Cr.   Goods/ Asset goes out	Cr.   In case of Income/gain
1.	₹50,000 Brought in cash and started business.		Debit to cash A/c		Credit to Capital A/c
2.	A loan of ₹10,000 taken from Jasleen.		Debit to Cash A/c		Credit to Jasleen loan A/c
3.	Bank account opened by depositing ₹30,000		Debit to Bank A/c			Credit to Cash A/c
4.	A computer   purchased for ₹8,000.		Debit to Computer A/c			Credit to cash A/c
5.	Stationery   purchased ₹1,000.			Debit to Stationery A/c		Credit to cash A/c
6.	Purchase made of ₹20,000.		Debit to  Purchase			Credit to cash A/c
7.	Purchase is made of ₹30,000 from Raman.		Debit to  Purchase		Credit to Raman A/c
8.	goods of ₹15,000, sold on cash for ₹28,000		Debit to Cash A/c				Credit to sales A/c
9.	Goods of ₹8,000 sold to Nila for ₹15,000.	Debit to Nila A/c					Credit to sales A/c
10.	Goods returned to Raman of ₹2,000.	Debit to Raman A/c				Credit to Purchase Returned A/c
11.	Goods returned by Nila of ₹1,500.		Debit to Sales Returned A/c		Credit to Nila A/c
12.	Paid ₹500 for carriage.			Debit to Carriage A/c		Credit to cash A/c
13.	Goods of ₹200 destroyed by fire.			Debit to Goods lost by Fire A/c		Credit to Purchase A/c
14.	Commission received ₹5,000		Debit to Cash A/c				Credit to Commision A/c
15.	₹2,000 paid or salary.			Debit to salary A/c		Credit to Cash A/c

  Explanation：

1. Cash comes in business(Capital) ─ Owner gave cash to Business for startup.

    Cash A/c Debit ─ Capital A/c Credit

2. Cash comes in ─ Bowered Cash from Jasleen.

     Cash A/c Debit ─ Jasleen A/c Credit

3. Bank as received cash ─  Cash goes out from business.

     Bank A/c Debit ─ Cash A/c Credit

4. Asset comes in ─ purchase a Computer. 

     Computer A/c Debit ─ Cash A/c Credit

5. Stationery expense ─ paid for Stationery Expense.

     Stationery A/c Debit ─ Cash A/c Credit

6.  Cash goes out ─ Purchase goods.

     Purchase A/c Debit ─ Cash A/c Credit

7. Comes goes out ─ Purchase Goods from Raman on Credit.

    Purchase A/c Debit ─ Raman A/c Credit 

8. Cash comes in business ─ Goods sold Sales made.

    Cash A/c Debit ─ Sales A/c Credit 

9. Sales made.  Nila is receiver ─ Not through cash. goods goes out.

    Nila A/c Debit ─ Sales A/c Credit

10. Raman is person. Raman is receiver ─ Purchase returned. goods goes out.

       Ramanm A/c debit ─ Purchase returned A/c credit 

11.  Sales returned. Goods comes in ─ Nila is person. Nila is giver.

      Sales returned A/c Debit ─ Nila A/c Credit

12. Carriage is Expense ─ Cash goes out from business

       carriage A/c Debit ─  cash A/c credit

13. Goods Lost by fire ─ purchase of goods lost.

        Goods lost by fire A/c Debit ─ purchase A/c credit 

14. Cash comes in business Commission is income.

      Cash A/c Debit ─ Commission A/c Credit 

15. Salary is an expenses ─ Cash goes out from business.

      Salary A/c Debit ─ Cash A/c Credit