Question

Give journal entries for the following transaction.

(i) Salary outstanding Rs.1550

(ii) Goods withdrawn by proprietor for personal use Rs 1200

(iii) Paid cash Rs.38,000 in full settlement of the account of Mohan of Rs.40,000​

Answer 1

Answer:

salary a/c

to salary outstanding a/c

drawings a/c

to purchases a/c

mohan

to cash a/c

to discount recieved a/c

Answer 2

Answer:

Explanation:

Pls go on Google and search option B given in the pic