Question

Pass journal entries :

(a)Income tax paid Rs 10,000.

(b)Give away as Charity goods costing Rs 10,000.

(c) Salary paid Rs 2400, wages paid Rs 700.

(d) Purchased goods from sanjivRs 50,000 at 10% TD. ​

Answer 1

Answer:

Drawing. account. Dr. 10000

To cash account. 10000

Charity account. Dr. 10000

To purchase account. 10000

salary account. Dr. 2400

Wages account. Dr. 700

To cash account. 3100

purchase account. Dr. 45000

To sanjeev. 45000