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

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

Question Posted / arju

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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 / 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)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 ?

6 Yes

4 No

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

2 No

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