Question

Timber costing rs 2000 used for making office furniture. Paid wages of carpenter rs 200 and Sundry other expenses rs 50 on purpose
Do journal entries.. ​

Answer 1

Explanation:

There can be two solution of the question -- please check accordingly

1. The firm deals in timber i.e it deals in making furniture using timber.

The journal entries will be -

• Office furniture A/c................Dr 2,000

To Purchase A/c. 2,000

• Wages A/c................................Dr 200

Sundry Expense A/c...........Dr. 50

To cash A/c. 250

2. The firm does not deal in furniture

• Timber A/c...............................Dr 2,000

To cash A/c. 2,000

• Office furniture A/c................Dr 2,000

To Timber A/c. 2,000

• Wages A/c................................Dr 200

Sundry Expense A/c...........Dr. 50

To cash A/c. 250

Hope you find it useful