What will be the journal entry for the following -
1)Goods purchased from Mohan for Rs 5000
2)Goods purchased from Mohan on credit Rs 3000
3)Salary paid to Mohan
4)A sum of Rs 120 is realized on the sale of old furniture
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Answer Posted / arju
Please provide the journal entries with explanations i.e.
whether it is real ,personal or nominal account and what is
the rule applied for that.
Thanks in advance.
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