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What will be the journal entry for the following -
1)Goods purchased from Mohan for Rs 5000
2)Goods purchased from Mohan on credit Rs 3000
3)Salary paid to Mohan
4)A sum of Rs 120 is realized on the sale of old furniture

Answers were Sorted based on User's Feedback



What will be the journal entry for the following - 1)Goods purchased from Mohan for Rs 5000 2)Good..

Answer / sk

1) Purchases A/c Dr 5000
Mohan A/c cr 5000
(Being goods purchased from Mohan)

2.Purchases A/c Dr 3000
Mohan A/c cr 3000
(Being goods purchased from Mohan)
3. Salary A/c Dr
Cash A/c Cr
(Being Salary Paid to Mohan)

Is This Answer Correct ?    126 Yes 32 No

What will be the journal entry for the following - 1)Goods purchased from Mohan for Rs 5000 2)Good..

Answer / rd

4)
cash a/c Dr
furniture a/c Cr
(being sale of old furniture)

Is This Answer Correct ?    47 Yes 18 No

What will be the journal entry for the following - 1)Goods purchased from Mohan for Rs 5000 2)Good..

Answer / shaun05

cash a/c Dr
furniture a/c Cr
(being sale of old furniture)

Is This Answer Correct ?    27 Yes 13 No

What will be the journal entry for the following - 1)Goods purchased from Mohan for Rs 5000 2)Good..

Answer / pooja

Goods sold to mohan on crédit

Is This Answer Correct ?    19 Yes 8 No

What will be the journal entry for the following - 1)Goods purchased from Mohan for Rs 5000 2)Good..

Answer / arju

Please provide the journal entries with explanations i.e.
whether it is real ,personal or nominal account and what is
the rule applied for that.
Thanks in advance.

Is This Answer Correct ?    12 Yes 6 No

What will be the journal entry for the following - 1)Goods purchased from Mohan for Rs 5000 2)Good..

Answer / arju

Also pls tell me what will be the journal entry for Goods
sold at Rs200 (without any sold to party name)

Is This Answer Correct ?    15 Yes 9 No

What will be the journal entry for the following - 1)Goods purchased from Mohan for Rs 5000 2)Good..

Answer / shaun05

Purchase A/c dr 5000
To Mohan a/c cr 5000
(being Goods purchased)

Purchase A/c dr 3000
To Mohan a/c cr 3000
(being Goods purchased on credit)

salary a/c dr
to cash/bank a/c
(being salary paid)

Purchase A/c dr 5000
To Mohan a/c cr 5000
(being Goods purchased)

Is This Answer Correct ?    14 Yes 8 No

What will be the journal entry for the following - 1)Goods purchased from Mohan for Rs 5000 2)Good..

Answer / arju

Hi SK
u haven't answered the 4th question.

Is This Answer Correct ?    5 Yes 3 No

What will be the journal entry for the following - 1)Goods purchased from Mohan for Rs 5000 2)Good..

Answer / sunder pal

PURCHASE A/C DR. 5000
TO MOHAN A/C 5000
(BEING GOODS PURCHASE)

PARCHASE A/C DR. 3000
TO MOHAN A/C 3000
(BEING GOODS PURCHASE FROM ON CREDIT)

SALARY A/C DR. .......
TO CASH/BANK A/C ........

ENTRY 1st & 2nd are same because if particular name given
of purchaser then we asume that goods purchase on credit.

Is This Answer Correct ?    5 Yes 4 No

What will be the journal entry for the following - 1)Goods purchased from Mohan for Rs 5000 2)Good..

Answer / y a

Your Answer is correct but," A/c word is not used with a Person Name
Like :- Goods purchased from Mohan for Rs 5000
Ans-Purchases A/c Dr 5000
Mohan cr 5000
(Being goods purchased from Mohan

Is This Answer Correct ?    0 Yes 0 No

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