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Categories >> Accounting >> Accounting AllOther
 
 


 

 
 Audit interview questions  Audit Interview Questions (428)
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 Taxation interview questions  Taxation Interview Questions (1906)
 Accounting General interview questions  Accounting General Interview Questions (2834)
 Accounting AllOther interview questions  Accounting AllOther Interview Questions (4371)
Question
4) What is Journal Entry of 1) Credit Sales.

                                             2) Credit sales
with Discount.

                                             3) Credit sales
with VAT.

                                             4) Outstanding
Rent paid.

                                             5) Credit Purchase.

                                             6)  Out
standing wages paid.

                                             7) Bank over draft

                                             8) bank charges

                                             9) Dishonor check

 Question Submitted By :: Accounting-AllOther
I also faced this Question!!     Answer Posted By  
 
Answer
# 1
CUSTOMR OR DEBITER A/C DR
TO SALES A/C

CUSTOMR OR DEBITER A/C DR
DISCOUNT ON SALES A/C DR
TO SALES A/C

CUSTOMER OR DEBTER A/C DR
TO SALES A/C
TO VAT A/C

RENT A/C DR
TO OUSTSTANDING RENT A/C
PURCHASE A/C DR
TO CREDITER A/C
WAGES A/C DR
TO OUTSTANDING WAGESPAID A/C

BANK A/C DR
TO BANK OVER DRAGT A/C
 
Is This Answer Correct ?    131 Yes 17 No
B.narasimha Rao
 
Answer
# 2
1. SALES


DEBITOR A\C Dr
To SALES A\C

2)DEBITORS A\C Dr
DISCOUNT ALLOWED A\C Dr
TO SALES A\c
3DEBITORS A\C Dr
To SALES A\c
TO VAT A\C
4)( PROVISION ENTRY )
RENT A\c Dr
To RENT PAYABLE A\c
RENT PAYABLE A\c Dr
To CASH OR BANK A\c

5)PURCHASES A\C Dr
vAT A\C Dr
To CREDITOR A\C
To DISCOUNT RECEIVED A\c

6)provison for salaries on 31st OR 30th OF every month end

SALARIES A\C Dr
To EMPLOYEES CONTRIBUTION TO ESI A\c
To EMPLOYEES CONTRIBUTION TO PF A\C
To SALARY ADVANCES A\c
To SALARIES PAYABLE A\C

SALARIES PAYABLE A\C DR
To CASH or BANK a\C

7)BANK A\C Dr
TO BANK OD A\c
8)BANK CHARGES A\c Dr
TO BANK A\c

9) CHEQUE ISUUING ENTRY TO BE REVERSED.
 
Is This Answer Correct ?    56 Yes 8 No
Satish
 
 
 
Answer
# 3
Debtors a/c Dr
To Sales a/c
 
Is This Answer Correct ?    27 Yes 6 No
Surender
 
Answer
# 4
Detors control a/c Dr

To sales a/c
 
Is This Answer Correct ?    21 Yes 10 No
Yogendra Pratap Singh
 
Answer
# 5
Customer a/c DR
To sales a/c

customer a/c DR
Discount a/c DR
To sales a/c

Customer a/c DR
To sales
To VAT

Rent a/c DR
To outstanding rent a/c

Purchases a/c DR
To Suppliers a/c

Wages a/c DR
To outstanding wages a/c

Bank a/c DR
To bank OD

Bank charges DR
To Bank

Bank DR
To customer
 
Is This Answer Correct ?    10 Yes 3 No
Vinay
 
Answer
# 6
Buyer account .....Dr
To sales account
 
Is This Answer Correct ?    6 Yes 2 No
Venkateswarlu.p.
 
Answer
# 7
1. customer a/c Dr
to sales

2. Customer a/c Dr
Discount a/c Dr
to sales a/c
3. Customer a/c Dr
to sales a/c
to Vat output
4. Rent a/c Dr
Rent payable a/c
5. Purchase a/c Dr
to creditors (Party)
6. Wages a/c Dr
To Wages payable a/c
7. Bank A/c
to Bank od A/c
8. Bank charges a/c Dr
to Bank a/c
9. Bank a/c Dr
to customer a/c
 
Is This Answer Correct ?    0 Yes 0 No
Prasad
 
Answer
# 8
goods a/c
to sales a/c
 
Is This Answer Correct ?    1 Yes 3 No
Chinni
 
Answer
# 9
credit sales A/c Dr
To sales A/c
 
Is This Answer Correct ?    10 Yes 20 No
Srivathsan
 

 
 
 
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