What will be the journal entry for the following -
1)Goods purchased from Mohan for Rs 5000
2)Goods purchased from Mohan on credit Rs 3000
3)Salary paid to Mohan
4)A sum of Rs 120 is realized on the sale of old furniture
Answer Posted / arju
Also pls tell me what will be the journal entry for Goods
sold at Rs200 (without any sold to party name)
Is This Answer Correct ? | 16 Yes | 9 No |
Post New Answer View All Answers
Explain what knowledge should financial accountant have?
if a sole proprietor pays his firms insurance policy , How it should treated in books of accounts? whether it should be treated as investment? or indirect expenses?or drawings?
What are the advantages of double entry system?
What are mis reports and do you prepare it?
how in the big companies the budget are prepared and controlled?
sir I heard from some body that he received more money than requested in an ATM.Is it possible, if yes what is the remedy ?
What are the probable interviwe questions in SBI clerical interview ? I am having my interview on 30th april.
What is mean by working capital?
what are the steps for the payment cycle of the firm or company?
Entry for revenue item will be Expenses A/C Dr to Cash. But in the Profit and Loss account we will see the expenses with a pre fix of To Expenses Why?
what is the format of salary slip when basic , D.A.H.R.A. ,conveyance allowence , concluded and in deduction part P.F. E.S.I. & P.Tax.
Were i have to enter for agreements in tally and in which ledger it will come
In accounting, vat abbreviates what?
how many invoice types are there in accounting and what is the satutary obligations for each invoices and waht are the basic differences in those invoices.
How do we calculate the cost of investment?