Incomes and Expenses HW 5
Burning Workshop furnishes the following information:
a) Commission received of Rs.3,000.
b) Paid for repairing machinery of Rs.8,500.
c) Purchased stationery by cheque Rs.2,700.
d) Dividend received through bank Rs. 3,700.
Required Journal entries.
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Explanation:
A journal entry is an act of keeping or making records of any transactions either economic or non-economic. Transactions are listed in an accounting journal that shows a company's debit and credit balances. The journal entry can consist of several recordings, each of which is either a debit or a credit.
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