hemendra panwar


{ City } mumbai
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Questions / { hemendra panwar }
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what is come first debit or credit? means in the bussiness debit comes first or credit

Ernst Young,

4 Accounting General 10515



Answers / { hemendra panwar }

Question { 7382 }

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


Answer

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