Question

39. (Revaluation Entries) Record the folowing in Journal.
(a) A claim of 5,000 against the firm for late supply of goods was acknowledged.
(b) A claim of 5,000 by the firm for late payment by the customer was admitted.
(c) Comission earned * 4,000 was not recorded.
(d) Commission payable to salesman 15,000 was not recorded.​

Answer 1

Explanation:

From the following transactions, state the titles of the accounts to be affected, types of the accounts and

the account to be debited and the account to be credited:

1. Ankur started business with cash

600000

2. Purchase goods for cash

80000

3. Paid salaries

10000

4. Sold goods to rohit on credit

60000

5. Office machine purchased for cash

12000

6. He took loan from bank

30000

7. He received commission

4,000

8.Postage paid

500

9.Paid rent

6000

10.Received cash from Rohit

60000

I want answer in a table format.