Question

5) Give Journal entries to record the following transactions.
2016 June - 1 Bought Office furniture from Gopi & Co. on credit Rs.4,000
June - 2 Purchased goods from Avatha
Rs. 1,750
June - 5 Sold goods to Govind for Cash
Rs. 2,000
June - 6 Paid salary to Jayaram, Office Manager
Rs. 500
June - 7 Received Commission
Rs. 100​

Answer 1

Answer:

1. furniture a/c Dr.

To gopi and co.

2. purchase a/c Dr.

To avatha

3. cash a/c Dr.

to sales a/c

4. salary a/c Dr.

To cash a/c

5. cash a/c Dr.

To commission received

Explanation:

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