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 / sunder pal
PURCHASE A/C DR. 5000
TO MOHAN A/C 5000
(BEING GOODS PURCHASE)
PARCHASE A/C DR. 3000
TO MOHAN A/C 3000
(BEING GOODS PURCHASE FROM ON CREDIT)
SALARY A/C DR. .......
TO CASH/BANK A/C ........
ENTRY 1st & 2nd are same because if particular name given
of purchaser then we asume that goods purchase on credit.
Is This Answer Correct ? | 5 Yes | 4 No |
Post New Answer View All Answers
how to pass entry in tally for Interest received on sweep credited to saving a/c? In what group it should be come
Tell me what is public accounting?
If closing stock is given in adjustments, how we show in tally 9.0 ?
Tell us do you have any idea about service tax or excise?
HOW WE MAKE A RESERVE AND AFTER ITS USE HOW WE NIL IT PLEASE MAKE A PROPER ENTRY.
List the type of transactions entered in journal proper.
Explain which account is responsible for interest payable?
What is full rate on plywood box in haryana sale tax:
Do you know what qualities and skills make an account manager successful?
The 'going concern concept' is the underlying basis for: 1.stating fixed assets at their historical cost 2.disclosing the market value of securities 3.disclosing the sales and other operating information in the income statement 4.none of the above
how to see reoprt of miro booking in SAP FI
journal entry for goods withdrawn for personal use
What is the rate of penalty charged when the given Vat Cheque dishonoured?
what do you consider to be the biggest challenge facing the accounting profession today?
in tally software payroll vouchers option is there for what purpose it is used ? please tell me friends.