Open a ‘T’ shape account of creditor, Rakesh and write the following transactions on the proper side:
(i) Goods purchased from Rakesh on credit – Rs. 50,000
(ii) Goods returned to Rakesh for – Rs. 5,000
(iii) Paid to Rakesh – Rs. 20,000
(iv) Purchase goods from Rakesh on credit – Rs. 10,000
