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 Posted / shyam

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



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

What is recording damage inventory in books of account?

605


cheque deposit is a contra entry?

1679


I purchased a machine and finance it by bank with the amount 1900000 and bank apply the finance charge 440000 for 3 years finance how to pass this entry still machine value is 2200000 is finance charge is interest (indirect exp.) pls help me.

1373


what are cost accounting and its applications?

643


contents of an invoice receipt? difference b/w statutory audit & internal audit? Where the bank book and the cash book will not reconcile? difference b/w income & expenditure a/c & p/l a/c? what is ERP? what is full form & the application of SAP? Why income statement prepared? What are the reasons where Balance sheet will not tally? How do you calculated Closing stock in the trading a/c? When will the cash book have a Credit balance? Why do you prepare p/l appropriation a/c? What are the 4 difference b/w public and private company? What do you mean by Contingent liability? Explain: Accrual Concept 1. Realisation concept? 2. Accounting concept?

2155






How will service tax & excise be charged?

635


What is journalizing? What are the columns of a journal?

657


Explain financial accounting. What are its characteristic features?

657


What are source documents in accounting?

632


What is rate & taxes in Accounting. when we make a journal entry like rate & taxes debit & party credit. So i want to guide me consider for rate & Taxes.

1198


Tell me an example of a tough decision that you had to make?

593


Cello pen gross value is 935.89 for 12 nos 14.5% tax

1412


what is difference among credit, loan, advance

1444


What is Time capital

1433


Please answer me for the followings 1. i taken an office on January @ rent 28000.00 for one year and i paid 14000.00 as first payment balance will be paid on august. in tally how we post this and under which account especially balance 14000.0 under which account. 2.i have taken a loan from mr. A the amount is 100000.00 on January and the interest i need to pay on march 21000.00 the interest which iam going to pay is liability not a expense and it will be a expense in future, how we can post this also in tally and under which account. please somebody guide me who knows regards niyas es

1363