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1)What will be the journal entry for these?
a) Salary paid to Ganesh
b)Sum of Rs 200 realized for sale of old furniture
2)Goods sold on credit for Rs 100
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Answer / ashish
1. Salary A/c Dr.
To Cash A/c
2. Cash A/c Dr.
To Furniture a/c
(if sold furniture exists in gross block if it is not then
P&l a/c would be credited.)
3.Debtors a/c Dr.
To sales A/c
| Is This Answer Correct ? | 6 Yes | 3 No |
1) SALARY A/C DR.
TO GANESH A/C
2)CASH A/C DR.
TO OLD FURNITURE
(P&L A/C SHOULD BE DEBITED OR CREDITED AS PER TRANSACTIONS)
3)CREDITORS A/C DR.
TO SALES A/C
| Is This Answer Correct ? | 6 Yes | 4 No |
Answer / arisvijay
1. Ganesh a/c dr
to salary a/c.
(ganesh=personal account i,e. debit the reciver.)
(salary=cash=real account i,e. credit what goes out)
2.differed revenue a/c dr
to sales a/c
3.sundry debtors a/c dr
to sales a/c.
| Is This Answer Correct ? | 2 Yes | 2 No |
define p&l approprate
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