Question

Prepare necessary accounting vouchers from the following transactions: (i) Building purchased for 6,00,000 (ii) Goods sold on credit to M/s Reema Trader 1,10,000 (iii) Salary paid 1,00,000 (iv) Withdrew cash for personal use 6,000 (v) Cash receipts from debtors M/s Ankit Bros 22,000

Answer 1

The Journal Entries for the above transactions will be -


Building a/c Dr 600000

To Cash a/c. 600000

(Being building purchased out of cash)


M/S Reema a/c Dr. 110000

To Sales a/c 110000

(Being sales made to M/S Reema on credit)


Salary a/c Dr. 100000

To Cash a/c. 100000

(Being salaries paid)


Cash a/c Dr. 22000

To M/S Ankit bros. 22000

(Being Cash recieved from M/S Ankit bros)