From the following transactions, state the nature of accounts and state the accounts which will be debited and credited:1. Ganesh started business with Cash ₹ 2,00,000.2. Purchased goods for Cash ₹ 60,000.3. Sold goods for cash ₹ 75,000.4. Purchased goods from Nakul on Credit for ₹ 80,000.5. Sold goods to Bhushan on Credit for ₹ 50,000.6. Paid Cash to Nakul ₹ 20,000.7. Received Cash from Bhushan ₹ 10,000.8. Paid salary ₹ 20,000.

From the following transactions, state the nature of accounts and stat

1.	From the following transactions, state the nature of accounts and state the accounts which will be debited and credited:1. Ganesh started business with Cash ₹ 2,00,000.2. Purchased goods for Cash ₹ 60,000.3. Sold goods for cash ₹ 75,000.4. Purchased goods from Nakul on Credit for ₹ 80,000.5. Sold goods to Bhushan on Credit for ₹ 50,000.6. Paid Cash to Nakul ₹ 20,000.7. Received Cash from Bhushan ₹ 10,000.8. Paid salary ₹ 20,000.
Answer» From the following transactions, state the nature of accounts and state the accounts which will be debited and credited: 1. Ganesh started business with Cash ₹ 2,00,000. 2. Purchased goods for Cash ₹ 60,000. 3. Sold goods for cash ₹ 75,000. 4. Purchased goods from Nakul on Credit for ₹ 80,000. 5. Sold goods to Bhushan on Credit for ₹ 50,000. 6. Paid Cash to Nakul ₹ 20,000. 7. Received Cash from Bhushan ₹ 10,000. 8. Paid salary ₹ 20,000.