Question

please provide necessary journal entries for them

Answer 1

Journal entries

1)  Debtors A/c   Dr  40000

        To sales A/c                    40000

(being sold goods on credit)

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2) Creditors A/c  Dr  22000

              To Bank A/c                22000

(being Paid to creditors through cheque )

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3) Creditors A/c   Dr   7000

            To purchases return A/c    7000

(being returned goods to supplier )

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4) Salary  A/c    Dr   15000

         To Bank A/c                    15000

(being salary made through cheque )