Activity: 03: Fill the following table.

Analysis of transaction by applying rules of Debit and Credit (Modern Approach)

\begin{tabular}{|l|l|l|l|l|l|l|l|}
\hline
\begin{tabular}{l}
Sr. \\
No.
\end{tabular} & \multicolumn{1}{|c|}{Transaction} & \begin{tabular}{c}
Two \\
Aspects/ \\
Effects
\end{tabular} & \begin{tabular}{l}
Accounts \\
Involved
\end{tabular} & \begin{tabular}{c}
Categories
\end{tabular} & \begin{tabular}{c}
Rules \\
Applied
\end{tabular} & \begin{tabular}{c}
Account \\
to be \\
Debited
\end{tabular} & \begin{tabular}{c}
Account \\
to be \\
Credited
\end{tabular} \\
\hline
1. & \begin{tabular}{l}
Rajesh commenced \\
business with cash \\
₹ 80,000
\end{tabular} & & & & & & \\
\hline
2. & \begin{tabular}{l}
Paid telephone bill \\
(office) ₹ 5,000
\end{tabular} & & & & & & \\
\hline
3. & \begin{tabular}{l}
Goods purchased for \\
cash ₹ 8,000
\end{tabular} & & & & & & \\
\hline
4. & \begin{tabular}{l}
Sold goods to Manoj \\
worth ₹ 6,000
\end{tabular} & & & & & & \\
\hline
5. & \begin{tabular}{l}
Purchased machinery \\
from Suresh on credit \\
₹ 15,000
\end{tabular} & & & & & & \\
\hline
6. & \begin{tabular}{l}
Received rent \\
₹ 2,500
\end{tabular} & & & & & \\
\hline
\end{tabular}