Question

pls tell me the journal entries for following;

1. paid to mohan on account.

2. drew cash from bank for office use.

3.goods(costing rs.200, selling price r. 250) taken away by proprietor for personal use.

4.rent is due to s.sharma but not yet paid.

5.rent paid in january for 3 months upto march(transaction date in january)

6. paid rent of building by cheque haif of building was used by proprietor for personal use.

Answer 1

1. Mohan will debit his bank account while the debtor will credit his bank account.

2. the bank account will be credited while the capital account will be debited.

3. the proprietor will credit his account by 50 since this w is the profit that was to be made and debit his personal use by 250

4. Sharma will debit his creditor s account while the debtor will credit his account

6. credit bank account and debit the persoonal us e account.

Answer 2

Answer:

Mohan a/c - dr

To cash a/c