Question

accounting equation


(a) Sold goods for cash 60,000.
(b) Sold goods to Hari on credit 20,000.
(c) Purchased goods from Krishan on credit 36,000.
(d) Purchased goods from Krishan for cash 10,000.
(e) Cash received from Hari 15,000.
f Cash paid to Krishan 28,000. please give me anss as soon as possible.
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Answer 1

Answer:

Journal Entries

(a) Cash A/C Dr.... ₹60000

To Sales A/C ₹60000

(Being the goods sold for cash)

(b) Hari's A/C Dr..... ₹20000

To Sales A/C ₹20000

(Being the goods sold on credit to Hari)

(c) Purchases A/C Dr.... ₹36000

To Krishan's A/C ₹36000

(Being the goods Purchased on Credit from Krishan)

(d) Purchases A/C Dr.... ₹10000

To Cash A/C ₹10000

(Being the goods Purchased for cash)

(e) Cash A/C Dr.... ₹15000

To Hari's A/C ₹15000

(Being the Cash received from Hari)

(f) Krishan's A/C Dr.... ₹28000

To Cash A/C ₹28000

(Being Cash paid to Krishan)

hope it may help you...

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