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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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1)What will be the journal entry for these? a) Salary paid to Ganesh b)Sum of Rs 200 realized for ..

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 1 No

1)What will be the journal entry for these? a) Salary paid to Ganesh b)Sum of Rs 200 realized for ..

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 ?    3 Yes 2 No

1)What will be the journal entry for these? a) Salary paid to Ganesh b)Sum of Rs 200 realized for ..

Answer / hemendra panwar

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 ?    4 Yes 4 No

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