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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
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Answer Posted / 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.
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