Question

Nilam sold goods of Rs.4000 to Sonam on 2-6-15. On 5-6-15 Nilam drew bill on Sonam for 2 months. On 15-6-15

Nilam endorsed this bill to Anmol. On maturity Sonam dishonored this bill and Anmol paid noting charges of

Rs.50. Write journal entries in the books of all parties​

Answer 1

Answer:

2 (C): Classify the Accounts into Assets, Liabilities, Income, Expenditure and Capital (3M)

(1) Goods A/C

(2) Wages A/C

(3) Loan A/C

(4) Debtors A/C

(5) Creditors A/C

(6) Furniture A/C

(7) Bills Receivable A/C (8) Meena's Capital A/c (9) Drawing A/C

(10) Discount A/C

(11) Rent Received A/c (12) Building A/C

CANA