illustrate different kinds of events, three more transactions have been added

illustrate different kinds of events, three more transactions have been added (transactions to ). . Rohit started business with cash Rs. , , Analysis of Transaction : The transaction increases cash on one hand and increases capital on the other hand. Increases in assets are debited and increases in capital are credited. Therefore record the transaction with debit to Cash and credit to Rohit’s Capital. . Opened a bank account with an amount of Rs. , , Analysis of Transaction: The transaction increases the cash at bank on one hand and decreases cash in hand on the other hand. Increases in assets are debited and a decreases in assets are credited. Therefore, record the transactions with debit to Bank account and credit to Cash account. . Bought furniture for Rs. , and issued cheque for the same Analysis of Transaction : This transaction increases furniture (assets) on one hand and decreases bank (assets) on the other hand by Rs. , . Increases in assets are debited and decreases are credited. Therefore record the transactions with debit to Furniture account and credit to Bank account. . Bought Plant and Machinery from Ramjee lal for the business for Rs. , , and an advance of Rs. , in cash is given. Analysis of Transaction : This transaction increases plant and machinery (assets) by Rs. , , , decreases cash by Rs. , and increases liabilities (M/s Ramjee Lal as creditor) by Rs. , , . Increases in assets are debited whereas decreases in assets are credited. On the other hand increases in liabilities are credited. Therefore, record the transaction with debit to furniture account and with credit to Cash and Ramjee Lal’s account. Cash Account ( ) , , Capital Account ( ) , , ( ) , Cash Account ( ) , , ( ) , , Bank Account ( ) , , Furniture Account ( ) , Bank Account ( ) , , ( ) , . Goods purchased from Sumit Traders for Rs. , Analysis of transaction : This transaction increases purchases (expenses) and increases liabilities (M/s Sumit Traders as creditors) by Rs. , . Increases in expenses are debited and increases in liabilities are credited. Therefore record the transaction with