Question

QUES 3.Journalise the following transactions: a) Received cheque from Muskan Rs.6 000& deposited into bank on the same day. b) Salary outstanding Rs.16 000 . c) Prepaid rent Rs.5 500 . d) Withdrawn cash from bank Rs.11 000 . e) Received cheque from Kriti Rs.10 000 & deposited into bank on the same day. f) Commission received in advance Rs.1 800 .​

Answer 1

Answer:

Journal entry

a)Bank account. dr 6000

To Muskan. 6000

b) Salary account. dr 16000

To outstanding salary 16000

c) prepaid rent a/c. dr 5500

To rent account. 5500

d)cash account. dr 11000

To bank account. 11000

e) Bank account. dr 10000

To Kriti. 10000

f) Commission account dr 1800

To commission received In advance 1800