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| Question |
A furniture dealer purchased 10 units of sofa sets each
costs 2500 out of which one is for shop purpose.Pass
necessary entry |
Rank |
Answer Posted By |
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Question Submitted By :: Satyaki_raju@yahoo.com |
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I also faced this Question!! |
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| Answer | PURCHASE A/C DR. 25000
TO CASH CR. 25000  |
| Omvir Singh
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| Answer | purchase a/c ..dr 22500
furniture a/c...dr 2500
to cash a/c.... 25000 |
| Ritesh
[Taxtime] |
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| Answer | furnitur a/c dr 22500
Drawings a/c dr 2500
To Cash a/c 25000 |
| Talari Nageswararao
[Taxtime] |
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| Question |
Sold goods worth Rs 75000/- inexchange of old furniture
worth Rs 15000/- and balance in cash. Pass entr for it |
Rank |
Answer Posted By |
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Question Submitted By :: Satyaki_raju@yahoo.com |
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I also faced this Question!! |
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| Answer | Cash a/c Dr 60000/-
Old furniture ac Dr 15000/-
To Sales ac 75000/-
( Being goods sold and exchanged the goods) |
| Murali Royal
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| Question |
Received from Krishna Murthy Rs 26500/- in full settlement
of due Rs 30000/-. Pass entry |
Rank |
Answer Posted By |
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Question Submitted By :: Satyaki_raju@yahoo.com |
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I also faced this Question!! |
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| Answer | Received from Krishna Murthy for final settlement the Entry
has to be followed
Cash A/C Dr 26500/-
Discount allowed A/C Dr 3500/-
To Krishna Murthy A/C 30000/-
Being full and final settelment of the Murhty A.C |
| Vijay_vij66
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| Answer | cash A/c Dr 30000
To Krishna Murth A/C 26500
To Discount A/c 3500
( Being Cash recived from Krishna Murth ) |
| Tabu
[Taxtime] |
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| Answer | Cash/ Bank A/c Dr. 26500.00
Discount A/c Dr. 3500.00
To Krishna Murthy 30000.00 |
| Lokesh Khintolia
[Taxtime] |
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| Answer | RECEIPT ENTRY
CASH/BANK A/C DR 26500/-
DISCOUNT A/C DR 3500/-
TO kRISHNA MURTHY 30000/-
(BEING AMOUNT RECEIVED FROM 26500/-) |
| Mahendra
[Taxtime] |
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| Answer | Cash account 26500 Dr
Bad debts 3500 Dr
to Krishna murthy 30000 Cr
(Being Cash received from Krishna mutrthy of rs 26500 for
full and final settlement so diff amount is doutful we are
treated as bad debts) |
| Sreenatha
[Taxtime] |
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| Question |
Ramana deposited directly in our Andhra Bank towards
deposit for DealershipRs 15000/-Pass entry |
Rank |
Answer Posted By |
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Question Submitted By :: Satyaki_raju@yahoo.com |
| This Interview Question Asked @ Andhra-Bank |
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I also faced this Question!! |
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| Answer | 1. Raman A/c Dr. 15,000/-
Dealership fee A/c. cr. 15,000/-
(being for income booked)
2 Andra Bank Account dr. 15,000/-
Raman Account cr. 15,000/-
(Being cash deposit to bank) |
| Suresh
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| Answer | Bank A\c Dr. 15000
To dealership A\c cr. 15000 |
| Ashish Gupta
[Taxtime] |
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| Question |
Create Good Will of Rs 125000 and apportioned between the
existing partners A,B and C as per their sharing ratios
25%,35% and the remaing %. Pass journal entry |
Rank |
Answer Posted By |
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Question Submitted By :: Satyaki_raju@yahoo.com |
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I also faced this Question!! |
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| Answer | Goodwill a/c 125000
to A's a/c 31250
to B's a/c 43750
to C's a/c 50000
Goodwill will be share by all partners in the ratio 25:35:40 |
| Syed
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| Question |
I am a non commerce graduate acting as office manager in a
construction company. I am interesting to learn accountancy
thru short cut methods and in a short duration. Can any
body there to help me. I will be pleased to receive any
sugessions and learning tips to my e-mail |
Rank |
Answer Posted By |
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Question Submitted By :: Annapurna |
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I also faced this Question!! |
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| Answer | First u send your E-Mail ID. |
| Vijay Bhaskar Reddy(vijji_tv@y
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