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Transection Number Account Affected + or - Asset + or - Liabilities + or - Equity Transection remark 1 Debtor +5000 Debtor + 3000 Profit -2000 -2000 +2000 Inventory Cash Inventory -200 Account payble 1 Inventory 2 Cash 2 Inventory 2 Railway charges 3 Cash 3 Debtor 4 Bank 5 Inventory 5 Cash 6 Bank Sales of Toy on credit increased debtor and profit from transection. Inventory of 2000 reduced due to sale above Purchase of inventory for cash Purchase of inventory for cash Railway charges payble next month Cash received from debtor Cash received from debtor Net interest received return of goods to vendor return of goods to vendor Withdrew for personal purpose +100 Profit +5000 |-5000 +100 -400 +400 -10000 Cash Debtor Bank Inventory Cash Bank -10000 drawings
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