Interview Questions Answers in Accounting General

shyam

{ City } hyderabad
< Country > india
* Profession * no
User No # 67177

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Total Answers Posted # 2

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Answers / { shyam }

Question { Genpact, 26661 }

sold private car for rs 4,000 and bought a new one with
proceeds for bussiess plus rs 5.000 from office cash
what will be the journal entry

Answer

Vehicle A/c Dr 9000
To Cash A/c 5000
To Old Vehicle A/c 4000

Is This Answer Correct ?

0 Yes

11 No

Question { Genpact, 8286 }

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

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

2 No