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 Posted / 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 ?    5 Yes 4 No



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