Question

14. Write journal entry for the following transactions,
(1) A current account is opened with SBI bank by depositing Rs.1,00.000,
(ii) Goods sold for RS.5,000, the amount of which directly deposited in bank
(iii) Goods of RS 30,000 sold on cash to Parthiv, Out of which 40% amount received by cheque.​

Answer 1

Answer:

1)bank a/c Dr

To cash a/c

( narration)

2)bank a/c Dr

To sales a/c

( narration )