Question

journal Entries anyone solve this question

Answer 1

Heya mate..

1)Commission a/c Dr 500
to cash/bank a/c. 500
(being commission paid)

2)Rent a/c Dr 700
to cash a/c. 700
(being rent paid)

3)Cash a/c Dr 1500
to bank a/c. 1500
(being cash drawn from bank)

4)Fan a/c Dr 900
to bank a/c. 900
(being purchased fan and paid by cheque)

5)motor a/c Dr 200000
to A co. 200000
(being purchased motor from A co.)


hope it helps..

Answer 2

Journal entries

1) Cash A/c    Dr   500

           To commission Received A/c   500

(being commission received )

-----------------------------------------------------------------------------

2) Rent   A/c    Dr   700

         To Cash   A/c            700

(being rent paid)

------------------------------------------------------------------------------

3) Cash    A/c    Dr   1500

              To Bank A/c               1500

(being cash withdrawn from bank )

-------------------------------------------------------------------------------

4) Fan A/c    Dr   900

            To Bank A/c          900

(being fan purchased through cheque payment )

---------------------------------------------------------------------------------

5) Motor   A/c     Dr    200000

              To A & Co  A/c                   200000

(being motor purchased on credit )

------------------------------------------------------------------------------------