Interested to Buy Any Domain ? << Click Here >> for more details...
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
- 10 Answers
- 69755 Views
- ICICI, State Bank Of India SBI, Toshiba, I also Faced
- E-Mail Answers
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 |
Post New Answer View All Answers
April-25 Paid to Mr. Y in full Settlement by Cheque Rs. 4800. April-26 Received a cheque from Mr. B in full settlement Rs. 4900.
Do you have any idea about gst?
Do you know compound journal entry?
I purchased a machine and finance it by bank with the amount 1900000 and bank apply the finance charge 440000 for 3 years finance how to pass this entry still machine value is 2200000 is finance charge is interest (indirect exp.) pls help me.
What is fiduciary accounting?
What are mis reports and how do you prepare it?
What are the 4 phases accounting?
What is the Project Accounting in case of Real Estate or Construction Co`s ?
What is cost accountancy?
Please give me as example of service tax & Vat Posting through Tally.
Define social responsibility accounting
why assets are shown at their historical cost price but not at their current price bcoz we are following historical cost concept. but this will not reveal correct financial position of the business.give reason
What is double-entry accounting? Explain with an example?
what is the treatment for employee contribution and employer contribution in in pf in accounts under which head??
What was your average accounts receivable days outstanding/days sales outstanding?
