Question

Pass the Journal entry and post into ledger:
.Amount paid to mr.Sabir Rs 1960 and discount allowed Rs 40.
.Mr kabir Spent Rs2000 on trade expenses and Rs 5000 on salary.​

Answer 1

Answer:

1) sabir Dr. 2000

to cash a/c 1960

to disc.rec.a/c 40

2) trade expense a/c Dr. 2000

salary a/c Dr. 5000

to cash a/c. 7000

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