Question

Enter the following transactions in the journal: (i) Interest received Rs 4,000 (ii) Commission received Rs 1300 (iii) Discount received from K Rs 500 (iv) Paid wages Rs 200 (v) Commission recoverable from A Rs 600, Received by M on our behalf.​

Answer 1

Answer:

1) Cash a/c dr. Rs 4,000

To interest a/c. Rs 4,000

(Being interest received in cash)

2) Cash A/c Dr. Rs 1,300

To Commission A/c Rs 1,300

(Being commission received in cash)

3) K A/c Dr. Rs 500

To Discount received A/c Rs 500

(Being discount received from K)

4)Wages A/c Dr. Rs 200

To Cash A/c Rs 200

(Being wages paid in cash)

5) M A/c Dr. rs 600

To Commision A/c Rs.600

(Being commision received by M from A on our behalf)

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