Question

pass journal entrie in the book of M/S Modern Stores for the following transaction. 1. solids goods for cash Rs 15,000 and on credit Rs 7500. 2. Purchase goods from M/s Rahul stores for cash Rs 50000 and paid 60 percent by issuing a cheque immediately.​

Answer 1

Answer:

1. Cash a/c dr. 15000

Debtor's a/c dr. 7500

To sales a/c. 22500

2. Purchases a/c dr. 50000

To bank a/c. 30,000

To cash a/c. 20,000