sanjay paid on our behalf commission of 1000 which is recoverable from sameer. Journal entry.
Answers
Answer:
commission a/c dr. 1000
to sameer a/c. 1000
Explanation:
As it is recoverable from sameer itself so we have just endorsed his entry with commission entry so cash a/c got cancelled and the final entry is here...
Explanation:
April,2018 are given below. Journalise them.
2018
April 1
April 2
April 3
April 4
April 13
April 20
April 24
April 28
April 28
April 30
April 30
April 30
Ramesh started business with cash
Paid into bank
Bought goods for cash
Drew cash from bank for office use
Sold goods to Krishna on credit
Bought goods from Shyam on credit
Received from Krishna
Allowed him discount
Paid cash to Shyam
Discount received
Krishna returned goods
Cash sales for the month
Paid rent
Paid salary₹
1,00,000
20,000
50,000
10,000
15,000
22,500
12,500
500
21,500
1,000
2,000
80,000
5,000
10,000
ANSWER:
Journal
Date
Particulars
L.F.
Debit
Amount
(₹)
Credit
Amount
(₹)
2018
Apr 01
Cash A/c
Dr.
1,00,000
To Capital A/c
1,00,000
(Started business with cash)
Apr 02
Bank A/c
Dr.
20,000
To Cash A/c
20,000
(Paid into bank)
Apr 03
Purchases A/c
Dr.
50,000
To Cash A/c
50,000
(Goods purchased)
Apr 04
Cash A/c
Dr.
10,000
To Bank A/c
10,000
(Drew from bank for office use)
Apr 13
Krishna A/c
Dr.
15,000
To Sales A/c
15,000
(Goods sold)
Apr 20
Purchases A/c
Dr.
22,500
To Shyam A/c
22,500
(Goods purchased on credit)
Apr 24
Cash A/c
Dr.
12,500
Discount Allowed A/c
Dr.
500
To Krishna A/c
13,000
(Received from Krishna)
Apr 28
Shyam A/c
Dr.
22,500
To Cash A/c
21,500
To Discount Received A/c
1,000
(Paid to Shyam)
Apr 28
Sales Return A/c
Dr.
2,000
To Krishna A/c
2,000
(Goods returned by Krishna)
Apr 30
Cash A/c
Dr.
80,000
To Sales
80,000
(Cash sales for the month of April)
Apr 30
Rent A/c
Dr.
5,000
To Cash A/c
5,000
(Paid rent)
Apr 30
Salary A/c
Dr.
10,000
To Cash A/c
10,000
(Paid salary)