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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 / sk
1) Purchases A/c Dr 5000
Mohan A/c cr 5000
(Being goods purchased from Mohan)
2.Purchases A/c Dr 3000
Mohan A/c cr 3000
(Being goods purchased from Mohan)
3. Salary A/c Dr
Cash A/c Cr
(Being Salary Paid to Mohan)
| Is This Answer Correct ? | 138 Yes | 35 No |
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