shyam


{ City } hyderabad
< Country > india
* Profession * no
User No # 67177
Total Questions Posted # 0
Total Answers Posted # 2

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Questions / { shyam }
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Answers / { shyam }

Question { Genpact, 22860 }

sold private car for rs 4,000 and bought a new one with
proceeds for bussiess plus rs 5.000 from office cash
what will be the journal entry


Answer

Vehicle A/c Dr 9000
To Cash A/c 5000
To Old Vehicle A/c 4000

Is This Answer Correct ?    0 Yes 11 No

Question { Genpact, 7070 }

sold some office equipment of rs 1,300 (proceeds beingreceived
as rs 700 by cheque and balance in cash) and paid the cheque
into his private bank .
what will be the journal entry
please give answer when you sure about it thanks


Answer

Cash A/c Dr 600
Bank A/c Dr 700
To Furniture A/c 1300
(Being Office Equipment Sold and Received Cheque and cash)

Is This Answer Correct ?    7 Yes 1 No