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
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Answer / b.narasimha rao
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 ? | 156 Yes | 23 No |
Answer / satish
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 ? | 65 Yes | 14 No |
Answer / yogendra pratap singh
Detors control a/c Dr
To sales a/c
| Is This Answer Correct ? | 28 Yes | 15 No |
Answer / vinay
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 ? | 15 Yes | 5 No |
Answer / venkateswarlu.p.
Buyer account .....Dr
To sales account
| Is This Answer Correct ? | 12 Yes | 4 No |
Answer / prasad
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 ? | 6 Yes | 3 No |
Why Copyrights,patents,goodwill etc.etc. falls under real account and not nominal or personal account? I know anything which affect trading & Profit & Loss accounts are nominal accounts.And the above do not affect the Trading or P/L accounts but on the other hand they are intangible and neither can they fall under real accounts as Real accounts are those that are not personal and they are tangible. Again in another way if we see, Patents, Copyright ,Goodwill etc. etc. kindoff acts as a representative of a person or a company like in the same way as a Bank or Company name,so they can they not fall under Personal Account??
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