Question

JOUNAL ENTRY
1. TELEPHONE CHARGES BILL RECEIVED FROM BHARTHI AIRTEL LTD 6500
2. AUDIT FEES BILL RECEIVED FRM SRM AUDITOR 10000
3. PAID HDFC CHEQUE TO BHARATH AIRTEL LTD 6500
4. PAID CASH 8000 AND 2000 BY CHEQUE IOB TO SRM AUDITOR
5. PURCHASE FROM VIVEKS 10000
6. DISCOUNT RECEIVED FROM VIVEKS 1000 AND BALANCE CASH PAID
7. SALES TO SATHYA & CO 2000
8. BALANCE AMOUNT RECEIVED FROM SATHYA & CO
9. OFFICE EXPENSES 2000 BY PETTY CASH
10. TELEPHONE CHARGES PAID TO RELIANCE JIO FOR PERSONAL USE 2000

Answer 1

Answer:

1) Telephone charges A/C Dr. 6500

To Bharti Airtel LTD A/C 6500

(Being received telephone

charges from Bharti Airtel

LTD)

5) Purchases A/C Dr. 10,000

To Cash A/C 10,000

( Being purchased from Viveks)

10) Drawings A/C Dr. 2000

To Telephone Charges A/C 2000

(Being paid telephone charges bill

to Reliance Jio)

9) Office A/C Dr. 2000

To Cash A/C 2000

(Being paid for office expenses)

7) Sathya &Co. A/C Dr. 2000

To Sales A/C 2000

(Being sold goods to Sathya &Co.)

4) SRM Auditor A/C Dr. 10,000

To Cash A/C 8000

To Bank A/C 2000

(Being paid to SRM

Auditor)

8) Cash A/C Dr. 2000

To Sathya

& Co. A/C 2000

( Being received cash from Sathya & Co.)

3) Bharath Airtel LTD A/C Dr. 6500

To Bank A/C 6500

(Being paid HDFC cheque to Bharath Airtel LTD)