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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
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Answer Posted / shaun05
Purchase A/c dr 5000
To Mohan a/c cr 5000
(being Goods purchased)
Purchase A/c dr 3000
To Mohan a/c cr 3000
(being Goods purchased on credit)
salary a/c dr
to cash/bank a/c
(being salary paid)
Purchase A/c dr 5000
To Mohan a/c cr 5000
(being Goods purchased)
| Is This Answer Correct ? | 15 Yes | 8 No |
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