January 18 Cheques received from Rohit and brother Rs.800000 and deposited into Bank same day.
journal entry
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cash a/c Dr. 800,000
to rohit and brothers a/c 800,000
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Answer:
Debit equipment for 2,00,000 and Credit cash 2,00,000.
Debit equipment for 10,00,000 and Credit cash 2,00,000 and creditors 8,00,000.
Debit equipment 2,00,000 and Credit debtors 8,00,000
Debit equipment 10,00,000 and Credit cash 10,00,000.
Explanation:
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