Accounting Questions

1. A car is bought for the business paying Rs. 500,000 in cash. Draw the double entry
system for it.
2. The business sells goods worth 20,000 using bank account method for receiving the
payment. Draw the double entry system for it.
3. A building is bought for the business paying Rs. 100,500,000 using bank account. Draw
the double entry system for it.
4. An office desk is bought for the business paying Rs. 1,000 in cash. Draw the double entry
system for it.
5. The business sells goods worth 20,000 using cash method for receiving the payment.
Draw the double entry system for it.