Question

What will be the journal entry of amount payable to gobind ram for repairing radio ₹ 1500 and radio supplied for 9500,were entered in the purchases book as 10000?

Answer 1

Answer:

so these are the journal entries for the questions you have asked

Answer 2

A journal entry is the record of transactions of the business in its financial books.

• The transactions of a business are recorded in a journal, which indicates the debit and credit balances.
• The correct journal entry is -

Repairs A/c     Dr.                 1500

To Gobind Ram                         1500

( Being the repairs made)

Suspense A/c Dr.                    500

To Purchase A/c                         500

( Being an amount of 9500 recorded as 10,000)

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