Question: 1.C Double Entry System On May 2010, 01st May - Mr. Tommy started a business putting Rs 50,000 into a business bank account. 3rd May

1.C Double Entry System

On May 2010,

01st May - Mr. Tommy started a business putting Rs 50,000 into a business bank account.

3rd May - Bought Equipment on Credit from Singhania House Supplies Rs12,000

04th May - Withdrew Rs150 from the bank

07th May - Bought Van paying by cheque Rs7,000

30th May - Bought another Van by cheque Rs 4300

31st May - Paid Rs9700 to Singhania House Supplies

Write the double entries for the above transactions.[12 Marks]

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