Question

3. Pass necessary journal entries in the books of Hardener for the month of March 2001:
a. Old machinery appearing in books exchanged for a new machinery of Rs. 5,000.
b. Issued a cheque for Rs. 1,000 in favor of landlord for a rent for the month of March.
c. Paid electricity bill of Rs. 450 by cheque.
d. The goods destroyed by theft Rs. 3,000.
e. Paid wages for the installation of machinery Rs. 5,000.
f. Accrued interest Rs. 1100.

Answer 1

Answer:

1.New machinery a/c DR 5000

     to old machinery a/c 5000

2. Rent a/c dr 1000

      to bank a/c 1000

3. Electricity charges a/c dr 450

         to bank a/c                       450

4. p&l a/c dr 3000

         stock a/c 3000

5. machinery a/c dr 5000

        to cash/bank a/c 5000

6.  Interest exp a/c dr 1100

      to accrued int payable 1100

(or) Accrued int receivable a/c dr 1100

             to Int recevaiable a/c              1100