From the following transactions, state which account will be debited and

which account will be credited by filling up the appropriate boxes.

S.No. Transactions Accounts
involved
Application Reason with respect to
Rules of Debit and
Credit
Sample
Example
Mr. X started business
with cash of Rs.100,000
Cash
Capital
Debit
Credit
Increased in asset
Increased in Owners Equity
1 Bought machinery for
cash Rs.50,000
?
?
?
?
?
?
2 Payment made to XYZ
Store Rs. 10,000 by
cheque.
?
?
?
?
?
?
3 Purchased office
furniture on credit for
Rs. 15,000
?
?
?
?
?
?
4 Rs. 1,000 received as a
rent for the portion of
office building rented
out.
?
?
?
?
?
?
5 Paid salaries of
Rs.40,000 by cheque
?
?
?
?
?
?