4) What is Journal Entry of 1) Credit Sales.

2) Credit sales
with Discount.

3) Credit sales
with VAT.

4) Outstanding
Rent paid.

5) Credit Purchase.

6) Out
standing wages paid.

7) Bank over draft

8) bank charges

9) Dishonor check

Answers were Sorted based on User's Feedback



4) What is Journal Entry of 1) Credit Sales. 2) Cred..

Answer / b.narasimha rao

CUSTOMR OR DEBITER A/C DR
TO SALES A/C

CUSTOMR OR DEBITER A/C DR
DISCOUNT ON SALES A/C DR
TO SALES A/C

CUSTOMER OR DEBTER A/C DR
TO SALES A/C
TO VAT A/C

RENT A/C DR
TO OUSTSTANDING RENT A/C
PURCHASE A/C DR
TO CREDITER A/C
WAGES A/C DR
TO OUTSTANDING WAGESPAID A/C

BANK A/C DR
TO BANK OVER DRAGT A/C

Is This Answer Correct ?    156 Yes 23 No

4) What is Journal Entry of 1) Credit Sales. 2) Cred..

Answer / satish

1. SALES


DEBITOR A\C Dr
To SALES A\C

2)DEBITORS A\C Dr
DISCOUNT ALLOWED A\C Dr
TO SALES A\c
3DEBITORS A\C Dr
To SALES A\c
TO VAT A\C
4)( PROVISION ENTRY )
RENT A\c Dr
To RENT PAYABLE A\c
RENT PAYABLE A\c Dr
To CASH OR BANK A\c

5)PURCHASES A\C Dr
vAT A\C Dr
To CREDITOR A\C
To DISCOUNT RECEIVED A\c

6)provison for salaries on 31st OR 30th OF every month end

SALARIES A\C Dr
To EMPLOYEES CONTRIBUTION TO ESI A\c
To EMPLOYEES CONTRIBUTION TO PF A\C
To SALARY ADVANCES A\c
To SALARIES PAYABLE A\C

SALARIES PAYABLE A\C DR
To CASH or BANK a\C

7)BANK A\C Dr
TO BANK OD A\c
8)BANK CHARGES A\c Dr
TO BANK A\c

9) CHEQUE ISUUING ENTRY TO BE REVERSED.

Is This Answer Correct ?    65 Yes 14 No

4) What is Journal Entry of 1) Credit Sales. 2) Cred..

Answer / surender

Debtors a/c Dr
To Sales a/c

Is This Answer Correct ?    45 Yes 12 No

4) What is Journal Entry of 1) Credit Sales. 2) Cred..

Answer / yogendra pratap singh

Detors control a/c Dr

To sales a/c

Is This Answer Correct ?    28 Yes 15 No

4) What is Journal Entry of 1) Credit Sales. 2) Cred..

Answer / vinay

Customer a/c DR
To sales a/c

customer a/c DR
Discount a/c DR
To sales a/c

Customer a/c DR
To sales
To VAT

Rent a/c DR
To outstanding rent a/c

Purchases a/c DR
To Suppliers a/c

Wages a/c DR
To outstanding wages a/c

Bank a/c DR
To bank OD

Bank charges DR
To Bank

Bank DR
To customer

Is This Answer Correct ?    15 Yes 5 No

4) What is Journal Entry of 1) Credit Sales. 2) Cred..

Answer / venkateswarlu.p.

Buyer account .....Dr
To sales account

Is This Answer Correct ?    12 Yes 4 No

4) What is Journal Entry of 1) Credit Sales. 2) Cred..

Answer / prasad

1. customer a/c Dr
to sales

2. Customer a/c Dr
Discount a/c Dr
to sales a/c
3. Customer a/c Dr
to sales a/c
to Vat output
4. Rent a/c Dr
Rent payable a/c
5. Purchase a/c Dr
to creditors (Party)
6. Wages a/c Dr
To Wages payable a/c
7. Bank A/c
to Bank od A/c
8. Bank charges a/c Dr
to Bank a/c
9. Bank a/c Dr
to customer a/c

Is This Answer Correct ?    6 Yes 3 No

4) What is Journal Entry of 1) Credit Sales. 2) Cred..

Answer / chinni

goods a/c
to sales a/c

Is This Answer Correct ?    5 Yes 11 No

4) What is Journal Entry of 1) Credit Sales. 2) Cred..

Answer / srivathsan

credit sales A/c Dr
To sales A/c

Is This Answer Correct ?    18 Yes 27 No

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