Solution 3.3



Account to be debited


Account to be credited

  1. Paid electricity by cheque

Electricity a/c

Bank a/c

  1. Paid for stationary by cash

Stationary a/c

Cash a/c

  1. Paid insurance by cheque

Insurance a/c

Bank a/c

  1. Returned stationary for cash refund

Cash a/c

Stationary a/c

  1. Paid wages by cheque

Wages a/c

Bank a/c

  1. Received rent in cash from a tenant.

Cash a/c

Rent Received a/c

  1. Paid motor expenses in cash.

Motor Exps a/c

Cash a/c



b)


DR

Bank Account 

CR








1

Electricity

xxx




3

Insurance

xxx




5

Wages

xxx



DR

Cash Account 

CR





4

Stationary

xxx

2

Stationary

xxx

6

Rent Received

xxx

7

Motor Expenses

xxx



DR

Electricity Account 

CR





1

Bank

xxx











DR

Stationary Account 

CR





2

Cash

xxx

4

Cash

xxx








DR

Insurance Account 

CR





6

Bank

xxx






DR

Wages Account 

CR





5

Bank

xxx











DR

Rent Receivable Account 

CR








6

Bank

xxx










DR

Motor Expenses Account 

CR





7

Cash

xxx