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
Answers were Sorted based on User's Feedback
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 ? | 5 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 ? | 5 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 |
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