Interested to Buy Any Domain ? << Click Here >> for more details...
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
- 3 Answers
- 8850 Views
- I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / ashish
1. Salary A/c Dr.
To Cash A/c
2. Cash A/c Dr.
To Furniture a/c
(if sold furniture exists in gross block if it is not then
P&l a/c would be credited.)
3.Debtors a/c Dr.
To sales A/c
| Is This Answer Correct ? | 6 Yes | 3 No |
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 ? | 6 Yes | 4 No |
Answer / arisvijay
1. Ganesh a/c dr
to salary a/c.
(ganesh=personal account i,e. debit the reciver.)
(salary=cash=real account i,e. credit what goes out)
2.differed revenue a/c dr
to sales a/c
3.sundry debtors a/c dr
to sales a/c.
| Is This Answer Correct ? | 2 Yes | 2 No |
How to prepare salary ? and what is ctc, Epf, etc...
how we can amortize the preliminary expenses calculation
What are the accounting principles or concepts.Expalin briefly.
6 Answers Capital IQ, Genpact, Hyundai,
18) Difference between Income & Expenditure and Profit and Loss Account?
4 Answers D-Mart, JPMorgan Chase,
In Profit & Loss Accounts, "Sales of Products" consists of Price of Material & Excise. Why Sales Tax (CST or VAT) is not considered as part of "Sales of Products".
How do the accounting standards facilitate the work of accountants?
Expand---------NMOP
Guest expenses Rs 5500/-on behalf of partner Aravind was written as Hospitality. Rectify it
1st round is easy writing about 'A day without my cell phone' and 2nd rd is aptitude, 3rd rd is typing test and 2rds are technical and hr ...
Is commodities transaction tax a permissible business expenditure? Explain
How do we return the loan in equal installments with interest in tally
mention 3 types of cash book
Audit 
