Answer Posted / suresh rai
PURCHASES A/C DR
TO PERSON (CREDITOR'S NAME) A/C
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Interest received 5,000 and still receivable Rs. 2,000 PLease give journal entry for this!
The following are the list of Balances of SUNSHINE Company as at 1.2.2012 RM Land and building 450,000. Furniture and Fittings 35,000. Office Equipment 25,000. Motor Vehicles 75,000. Inventory 5,000. Trade Receivables 12,000. Trade Payables 8,000. Bank Loan 200,000. Bank 13,000. Cash in Hand 1,000. Capital 408,000.
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