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 / y a
Your Answer is correct but," A/c word is not used with a Person Name
Like :- Goods purchased from Mohan for Rs 5000
Ans-Purchases A/c Dr 5000
Mohan cr 5000
(Being goods purchased from Mohan
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