Question

Journalise the following Fransactions in the
books of Itefan fazili :
2014 Jan 1. Cash paid to
Preabeen 2 9400
Jan 5. commission hereined mom Rom Lal 2 4400
Jan 12. Interest paid to sita
Jan 20. Purchased goods fon 2 18,000 on credit.
Jan 28 Sold
goods for z 34,000 to Mangit.
2
3,300​

Answer 1

Answer:

Journal Entry

Explanation:

In the books of Itefan Fazili

Jan 1

Prabeen A/c             Dr.           29,400

         to cash a/c                                       29,400

(Being cash paid to prabeen)

Jan 5

Commission received A/c      Dr.         24,400

           To cash A/c                                                 24,400

(Being commission received)

Jan 12

Interest A/c                              Dr.        

       To Bank / Cash A/c

(being interest paid)

Jan 20

Purchase A/c                           Dr.             2,18,000

       To Sundry Creditor                                               2,18,000

( being purchased goods on credit)

Jan 28

Mangit A/c                                Dr.                34,000

         To Sales A/c                                                            34,000

( Being goods sold to Mangit)