Journal Entry Question and Answer

by Aekeshra
(Delhi, India)

India Gate, Delhi<br>(national monument)

India Gate, Delhi
(national monument)

Before you begin: It's important for testing and exams to make sure you not only answer questions correctly but also complete them at the right speed. Grab a pen and piece of paper and time yourself while attempting this exercise.

Difficulty Rating:
Intermediate --> Advanced

Time limit:
15 minutes


Record the journal entries for the following:

1 - Business started with cash 8,000 and plant & machinery 3,000.
2 - Stock purchase for sale (cash purchase) = 3,000, credit purchase = 5,000
3 - Wages paid 120,000 (including 20,000 relating to a future year).
4 - Salaries paid 200,000 but due 110,000.
5 - Sales made for cash 600,000 and on credit 800,000.
6 - Depreciation 10 percent on plant & machinery.
7 - Goods costing 20,000 destroyed by fire.
8 - Payment made to creditors to the value of 200,000 at 10 percent discount.


plant and machinery1. Dr Cash 8,000
Dr Plant and machinery 3,000
Cr Capital 11,000

2. Dr Purchases 8,000
Cr Cash 3,000
Cr Creditors 5,000

3. Dr Wages (expense) 100,000
Dr Prepaid Wages (asset*) 20,000
Cr Cash 120,000

*Note that this is called a prepayment. A prepayment of a future expense is an asset and is counted as part of debtors - this is because you paid the expense before you should have, so it's like your business is owed the money right now for paying to early.

Note that prepayments are not really covered on this website, but I do go over
them in my accounting books.

4. Dr Salaries (200,000 + 110,000) 310,000
Cr Cash 200,000
Cr Salaries owing 110,000

As far as I understand, for journal 4 above, the salaries of 200,000 were actually paid but another 110,000 are still outstanding (salaries "due" means "owed" or "outstanding").

perpetual inventory accounting5. Dr Cash 600,000
Dr Debtors 800,000
Cr Sales 1,400,000

6. Dr Depreciation (3,000 x 0.1) 300
Cr Accumulated Depreciation 300

7. Dr Loss due to fire (expense) 20,000
Cr Purchases/Cost of Goods Sold 20,000

In the journal entry above, an expense has to be recorded to show the loss. And as a contra entry against this, we have to reduce our purchases account (it is purchases for the periodic system of inventory) or inventory account (for the perpetual system).

In the end of the day the debit to purchases or inventory both mean less cost of goods sold to be shown in the income statement.

8. Dr Creditors 200,000
Cr Cash 180,000
Cr Discount Received (200,000 x 0.1) 20,000

The 10% discount which comes to 20,000 is counted as an income for the business. Of course, only 180,000 is actually paid. This cancels out the entire debt to creditors of 200,000.

Greatful thanks to Manish Kothari and other contributors below for helping to solve this question.

Michael Celender
Founder of Accounting Basics for Students

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Comments for Journal Entry Question and Answer

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General Ledger for Cinema / Theatre / Theatrical Business
by: Anonymous

Cash register tapes from the box office for the week show transactions No. 1571 to No. 1843 for total sales of $2858. The money was deposited in the bank account.

Weekly sales report for the confectionery (candy store) shows a total of $225 as the theatre's share of sales. The money was deposited in the bank account.

Purchase invoices received:
No. 3817 from Electronics Canada Ltd., $256 for final adjustments to the projector.
No. 5112 from The Daily Sentinel, $750 for newspaper advertisements.

Cheques issued:
No. 375 to City Utility, $632 for electricity and water.
No. 376 to Bell Canada, $195 for telephone and internet charges.

Cash register tapes from the box office for the week show transactions No. 1844 to No. 2561 for total sales of $7534.

Weekly sales report for the confectionery shows a total of $612 as the theatre's share of sales.

Purchase invoices received:
No. 5528 from International Film Distributors, $1289 for rental of the film shown from February 1 to 7.
No. T581 from Commercial Cleaners Ltd., $420 for cleaning the premises in the first half of the month.

Cheques issued:
No. 377 to Craig Stationers, $35 for supplies.
No. 378 to International Film Distributors, $890 on account.
No. 379 to J. Bernstein, the owner, $1300 for personal drawings.
No. 380, $2890 for salaries from February 1-14.

Cash register tapes from the box office for the week show transactions No. 2562 to No. 3336 for total sales of $8132.

Weekly sales report for the confectionery shows a total of $657 as the theatre's share of sales.

Purchase invoices received:
No. 571985 from Air Canada, $178 for transportation of film.
No. DC475 from CCHH Radio and TV, $371 for spot advertising.
No. 329F from Stinson Fuels, $356 for heating oil.

Show the above transactions in the general ledger.

Corporate Liquidation and Reorganization
by: Anonymous

Information on transactions for the year ended Dec. 31, 20x1:

a. 280,000 was collected on 400,000 accounts receivable.

b. The equipment was sold for 150,000, net of 40,000 disposal costs. The net proceeds were used to fully settle the note payable. The creditor canceled the balance.

c. The land was sold for 1,500,000. Disposal costs of 100,000 were incurred on the sale. The net proceeds were used to fully settle the loan payable, including the interest.

d. Half of the accounts payable and one-fourth of the salaries payable were settled.

e. Liquidation costs of 240,000 were paid. Additional 120,000 are expected to be incurred in 20x2.

List the journal entries for the above.

Plz solve the problems
by: Anonymous

Q1. Write Journal Entries for the the following transaction in the books of Ram.
Marks 25
April-2 Ram started his business with Cash Rs. 70000.
April-3 Deposited in to Bank Rs. 50000.
April-4 Purchased goods for cash from Mr. X Rs. 5000.
April-5 Bought goods on credit from Mr. Y Rs. 6000.
April-6 Returned goods to Mr. Y Rs. 1000.
April 10 Sold goods for cash to Mr. A Rs. 6000.
April-15 Sold goods to Mr. B Rs. 6000.
April-16 Mr. B returns goods Rs. 1000.
April-17 Drew from Bank for personal use Rs. 5000.
April-25 Paid to Mr. Y in full Settlement by Cheque Rs. 4800.
April-26 Received a cheque from Mr. B in full settlement Rs. 4900.
April-27 Draw cash from bank for office use Rs. 10000.
April-30 Draw cash for personal purpose Rs. 5000.
April-30 Paid salary to staff Rs. 5000.
April-30 Issued a cheque for Rs. 3000 in favour of Shri Devi a landlady towards rent for April.
April-30 Withdraw goods for personal use Rs. 1000

General Journal Entries - Stock Withdrawal
by: Anonymous

4 Apr: We take goods costing £340 out of the business stock without paying for them.

9 Apr: £68 of the goods taken by us on 4 April is returned back into stock by us. We do not take any money for the return of the goods.

Account problems
by: Anonymous

On 1st January, 2020 Mr. Thapa started business with Rs. 50,000 which he paid into the business account at Sunrise Bank in Surkhet and stock of goods valued Rs. 30,000. On the same day, he purchased a motor van from Toyota Company valued at Rs. 25,000 and half of the amount is paid by cheque.

The following transactions took place in the month of January:

Jan. 2 Negotiated a loan from Sunrise Bank for an amount of Rs. 30,000 which was granted at an interest of 12% per annum payable monthly. He paid Rs. 20,000 by cheque as rent advance to his landlord for the premises of the business covering period of 10 years.
Jan. 3 Purchased goods from Sky Merchant Ltd. valued at Rs. 60,000 and paid for half of the amount by cheque, after a cash discount of 4%.
Jan. 4 Purchased Office Equipment valued at Rs. 25,000 and Furniture and Fittings worth Rs. 18,000 paying all by cheque.
Jan. 8 Sold goods valued Rs. 12,500 for cash and paid for some stationery valued 1,500 by cash.
Jan. 10 Sold goods to Mr. Basnet worth Rs. 18,000 who paid three quarter of the amount by the cheque.
Jan. 13 In order to increase sales, Mr. Thapa decided to run a promotion from 14th January to 19th January. All sales with cash payment will be given 5% discount and all sales of Rs. 10,000 and above will qualify for a trade discount of 6%.
Jan. 14 Mr. Sagar came to purchase goods valued at Rs. 14,500 and paid half of the amount by cheque after necessary discounts. Total cash sales for the day also amounted to Rs. 8,500.
Jan. 15 Sold goods valued at Rs. 5,000 to Miss Srijana.
Jan. 16 Total cash sales for the day amounted to Rs. 20,000 and cash banked amounted to Rs. 25,000.
Jan. 17 Sold goods to Star Stores worth Rs. 16,000 who paid half of the amount by cash. Rs. 12,000 is sent from safe to bank.
Jan. 18 Purchased goods from Sapana Traders valued at Rs. 32,500 and paid half of the amount due by cheque after a 5% cash discount. Total cash sales for the day amounted to Rs. 9,350.
Jan. 19 Sold goods to Supriya valued at Rs. 24,000 who paid three quarters of the amount due by cheque. Paid Sky Merchant Ltd. the full balance on their account by cheque.
Jan. 20 Total cash sales for the day amounted to Rs. 15,700 and cash purchases were valued at Rs. 28,750. Received a cheque for Rs. 4,680 from Miss Srijana as full settlement.
Jan. 23 Sold goods valued at Rs. 12,800 to Mr. Udaya who paid half of the amount due by the cash. Total cash lodged at the bank Rs. 20,000.
Jan. 25 paid Sapana Traders Rs. 6,250 by cheque on account and received final payment by cheque from Star Stores and cash sales amounted to Rs. 11,320.
Jan. 30 Paid salaries of Rs. 6,200 by cheque and utility bills of Rs. 1,700 by cash. Received a cheque for Rs. 4,400 from Mr. Udaya as payment on account.
Jan. 31 Closing stock amounted to Rs. 14,000.

(i) Make necessary Journal Entries
(ii) Write up ledger accounts using three columns cash book. (No need to prepare cash a/c, bank a/c and discount a/c separately)
(iii) Extract a trial balance at 31st January, 2020.
(iv) Prepare a trading and profit and loss account for the month ended 31st January, 2020 and balance sheet on that date.

How we can pass the journal entry
by: Anonymous

How we can pass the journal entry for this question:

1.On 01.11.2019 bought a delivery Van of Rs.4,00,000 from Eram Motors on the following terms: Down payment paid to Eram Motors Rs. 50,000. Balance amount financed by HDFC Vehicle Loan @ 10%. 1st EMI of HDFC Vehicle Loan due on 25.12.2019 and paid on 31.01.2020.

What is the Journal Entry for this?
by: Anonymous

On March 1, 2016, Palicio established a $100 petty cash fund to handle small expenditures.

Journal Entry Cash Investment
by: Anonymous

Mr. Joy invested tk. 30000 cash in the business.

See this lesson on the journal entry for a capital investment by the owner.

Michael C.
Founder of Accounting Basics for Students

Journal Proper, Cashbook, Ledgers & Trial Balance
by: Innocent

What are the journal entries for the following:

1. Joseph started his business with his personal savings of 10 million shillings cash at hand and 20 million cash at bank.
2. Bought buildings from Moses at 10 million, paid 2 million cash, 4 million by cheque and promised to pay the balance later.
3. Bought machinery from Saimco Ltd for 5 million on credit.
4. Bought a motor vehicle from General Motors on hire purchase terms for total payment of 8 million. Made a down payment of 3 million by cheque. Balance to be paid later.
5. Borrowed 5 million cash from cousin to be repaid in 2 years' time.
6. Paid General Motors 2 million by cheque.
7. Extended building purchased from Moses at a cost of 1 million cash.
8. Issued a 2 months' note payable for an amount of 1 million five hundred shillings cash.
9. Sold old machinery to James at 1 million on credit.
10. Received a cheque of five hundred shillings from James for the machines sold to him on credit.

Recognition of Sales Amount - Trading Business
by: Anonymous

The business is a trading business. For the period it purchased goods to be sold, valued at 100,000. The goods were all sold for a total price of 120,000. For the sale, only 10% was received as downpayment, 60% were later collected, and at the end of the year, 30% are still for collection. How much is the business income?

It's a trick question basically. Business income here is equal to the full value of the sales - in other words, 120,000.

All the info in the question about the downpayment and money to still be collected - this is all just meant to throw you off.

What matters is the goods were sold in the current financial year. Some cash was received immediately, some is still owed to us. But the full value of the sales are recognized as sales in the current year.

Michael C.

Journal Entry - Outstanding Salaries
by: Anonymous

If salaries for the month of December is 200000 but paid only 100000 at 31st December, and the rest of the amount is paid in January, what will the entry be for both months considering FY ends at the end of December?

See the journal entry for point 4) in the main example at the top of this page. It's basically the same thing.


Sajjan - Cash Purchase of Goods
by: Nikhil

What will be the journal entry for purchased goods from you for 1000 cash?

Dr Purchase 1000
Cr Cash 1000

What is the Entry - Transfer to Personal Account
by: Anonymous

What is the journal entry for transferring 3800 to a personal checking account?

A transfer to a personal account is recorded as follows:

Dr: Drawings 3,800
Cr: Bank/cash 3,800

A transfer to a personal account from a business is known as drawings. Check out my full lesson on drawings for a full example and explanations.

Founder of

Journal Entries - Asset Transferred for Personal Use
by: Sanjoy

A company owner takes furniture from the company for own use - value of 8000. What is the journal?

When you take an asset for personal use you are essentially taking it out of the business and making it part of your personal belongings. This kind of transfer is the exact same as cash drawings, except that we substitute "furniture" in place of "bank/cash."

Here's the journal entry:

Dr: Drawings 8,000
Cr: Furniture 8,000

When you transfer business assets to personal use, even if this is not cash, this is known as "drawings." See my full lesson on drawings for a detailed example, explanations and links to questions on the topic.

Founder of

Which Accounts?
by: Anonymous

Purchased more cleaning equipment costing 10,000 from Teguh enterprise and paid a cash down payment of 3,000.

Open Equipment account (debit - increase to asset) and cash (credit - decrease to asset).

Michael Celender

Journal Entry for Machinery including Transport, Installation and Repairs
by: Anonymous

Q: Purchase second hand machinery from javed bro for rs 100000 against a cheque and rs 2000 on its transportation and 3000 on its installation and rs 6000 on its repairs. What are the journal entries?

Dr Machinery (100,000 + 2,000 + 3,000) 105,000
Dr Repairs (expense) 6,000
Cr Bank 111,000

The cost of an asset includes all necessary costs to get it to where it is needed an in working form, so transportation and installation is part of its cost.

Repairs is not part of the cost of an asset but rather an expense.

See the lesson on What are Assets? for more details.

Hope that helps!

Michael C.

Rectification of Journal Entry Error
by: Subham

Freight paid on a machine 5600 was posted to the freight a/c as 6500.

What will the rectified journal entry be for this?

Hi Subham,

I would recommend that any time you are doing a correction, first try to figure out what the original incorrect entry was.

The original incorrect entry here was:

Dr Freight a/c (expense) 6,500
Cr Bank (asset) 6,500

Now we know the amount should have been 5,600 because this is what was actually paid. So to correct this entry you simply have to reduce the freight a/c (and the bank a/c) down from 6,500 to 5,600. So we have to reduce them by 900.

So the entry to rectify things would be:

Dr Bank (asset) 900
Cr Freight a/c (expense) 900

By the way, the cost of freight for an asset like a machine would actually normally form part of the machine's cost.

So if the bookkeeper or accountant original debited the Machine a/c (not the freight a/c), then we would credit the Machine a/c with 900 in the correcting journal entry, not the freight a/c.

Hope that helps!

Michael C.

Entry for Accrued Expenses (Insurance Paid)
by: Rajesh

IF I paid insurance for the amount of rs 10000 for the whole year, then what would the entry be for this...?

Hi Rajesh,

Actually this is not an entry for "accrued expenses." This is an entry for "prepaid expenses". This is a big difference.

"Prepaid expenses" are also known as "expenses paid in advance."

The entry for prepaid expenses (like the one above) would be:

Dr Prepaid Insurance (asset account) 10000
Cr Bank 10000

The Prepaid Insurance account is actually an asset account. All prepayments are assets. This is because they are like debtors - as long as we've paid the insurance in advance, it's like the insurance company owes us.

When time passes and the insurance is actually taking place, for example, a month later, then we record the actual insurance expense occurring and reduce the prepaid insurance.

For example, if the monthly insurance is rs 1000 then we record:

Dr Insurance (expense) 1000
Cr Prepaid Insurance (asset account) 1000

We record the actual insurance expense for 1 month (1000) and now prepaid insurance has a debit balance of 9000 (10000 - 1000).

Hope that makes sense!

Michael Celender
Founder of

Journal entry - Providing Services
by: Anonymous

Plz answer me: what is the journal entry for company provided services to X company for ₹20000.

Hi there,

The entry would be:

Dr X company (debtor) ₹20000
Cr Services provided (income) ₹20000

See the following lessons:

- Define Income (basic income received in cash transaction, no journal entries yet)
- Define Income (cash transaction, with journal entries)
- Accrued Income (Part 1 - no journal entries yet) and
- Accrued Income (Part 1 - with journal entries)

Hope that helps! All the best with your studies!

Michael Celender
Founder of

by: Yeshoda

On 1 Oct 2018, Andrew Brown opened Nundle Services, a small business offering maintenance services in New South Wales. During the month of October, the business incurred the following transactions:

2 Oct, Andrew invested $50,000 cash in the business, which is organised as a sole trader.
3 Oct, got a 5 year loan for $30,000 from the ANZ bank, interest is 5% pa.
4 Oct, purchased and paid for equipment worth $51,000. Monthly depreciation will be $850.
5 Oct, purchased supplies for $6,500 on credit.
8 Oct, paid Oct office rent of $7,200.
10 Oct, Brown withdrew $2,000 for personal purposes.
17 Oct, paid an invoice of $4,500 for advertising
25 Oct, paid one year of insurance for $5,600
Additional information at 31 Oct:

Supplies on hand was $3,100
Services revenue of $22,500 must be accrued
Monthly payroll is $11,500 and paid once a month on Friday after the month ended. 31 Oct 2018 was on Wednesday.

Some customers advanced $10,500 for maintenance services to be provided next month but this amount hasn’t been recorded.

Journal Entries - Goods Purchased and Returned
by: LegendaryAnonymous

1. Goods purchased from RAM on credit 6,000
2. Goods returned to RAM 2,000

1. Dr Purchases 6,000
Cr Creditor 6,000

2. Dr Creditor 2,000
Cr Purchases Returns 2,000

- Michael (editor)

What is the journal entry for when an owner purchased furniture for cash for business use from his own pocket?
by: Anonymous

What is the journal entries for when the owner purchased furniture for cash Rs.5000 for business use from his own pocket?

Dr Cash 5,000
Cr Capital 5,000
Owner investing cash in business.

Dr Furniture (asset) 5,000
Cr Cash 5,000
Cash purchase of furniture.

You can also combine the 2 journal entries above into 1 complex entry:

Dr Cash 5,000
Cr Capital 5,000
Owner investing cash in business.

Dr Furniture (asset) 5,000
Cr Capital 5,000
Purchase of furniture using personal funds (the cash debit and credit balances out to zero).

- Michael Celender
Founder of Accounting Basics for Students

by: Anonymous

Cash a/c Dr.10000
Goods a/c Dr.5000
Capital a/c Cr. 15000

Is Purchase Debited with Capital when Introducing Goods?
by: Anonymous

purchases a/c ...dr
to capital a/c
(introducing goods to the business)

Is this the correct entry?

Yes, correct.

- Michael Celender
Founder of Accounting Basics for Students

good costing 20000 destory by fire
by: Anonymous

Loss by Fire a/c Dr, 20,000
To Purchase a/c 20,000

(For goods destroyed by fire)


And for the 1st entry only
by: Anonymous

1) Cash A/C....(Dr)
Plant and machinery

A /C........(Dr)
To Capital A/C

by: Anonymous

You are doing very well I like it.
By the way, I'm from Pakistan

Thanks for the positive feedback!

by: Anonymous

Answer for sent cheque to Ramesh and bros in full settlement of 9000

A: Dr Ramesh and bros 9000
Cr Bank 9000

journal entry
by: manish kothari

1. cash a/c 8,000
plant and machinery a/c 3,000
n capital a/c 11,000

2. purchase a/c 8,000
cash a/c 3,000
creditors a/c 5,000

3. wages a/c 100,000
wages for the year a/c 20,000
cash a/c 120,000

4. salary a/c 200,000
cash a/c 90,000
credit a/c 110,000

5. cash a/c 600,000
creditors a/c 800,000
sale a/c 1,400,000

6. depreciation a/c 300
cash a/c 300

8. creditors a/c 200,000
cash a/c 180,000
dis a/c 20,000

by: avinash kumar


CASH A/C.................. 8000
PLANT & MACHINERY......... 3000
TO CAPITAL A/C........ 11000


What is the journal entry for?
by: Deepak Jain

Q: Bought a horse for Rs. 1500 and a cart for Rs.2000 for delivering goods to the customers.

A: Horse 1500
Cart 2000
Cash 3500

Please reply fast
by: deepak jain

Q: What is the entry for a check amounting to Rs.500 deposited in the bank was returned dishonored.

A: Debtor 500
Bank Account 500

very interersting
by: Anonymous

thanks for the basic knowledge


Journal Entry - Cash Downpayment Plus Balance Owing
by: Anonymous

Acquired office equipment from Tower company for $6,200. Made a cash downpayment of $1,500. Balance to be paid within 30 days...?

So this is basically two transactions in one - part cash and part credit.

When we purchase the office equipment we record the following:

Dr Office equipment (asset) $6,200
Cr Bank/cash $1,500
Cr Creditors (liability) $4,700 ($6,200 - $1,500)

This means we are recording the full value of the office equipment asset in our records when we buy it. And we record the amount paid in cash and the amount owing (creditors).

When we pay off the balance owing we record:

Dr Creditors (liability) $4,700
Cr Bank/cash $4,700

We are thus cancelling out the debt owing and recording that this was paid through bank/cash decreasing.

Hope that makes sense. All the best!
Michael Celender

by: vishal

Virender sold to suresh Rs. 1000

Dr Bank 1000
Cr Sale 1000

Digital Asset Subscription Entry
by: Anonymous

Hello I am a Graphic Designer and I keep my own books. I have a digital subscription for digital assets that may be used in a project for clients.

Do I put this expense in as a Subscription, Supplies or another category?

Hi graphic designer,

If you pay on a monthly or other regular basis for the subscription then you would probably just count it as an expense as it is simply a regular cost of doing business.

If you paid a lump sum upfront for the digital asset subscription and it will give your business lasting benefits into the future then you could classify this as an asset.

However, if you paid a lump sum upfront and do not see it providing lasting benefits into the future then you would classify it as an expense.

I would recommend to classify it as expense (if you can) as this would then be tax-deductible and could save you a bit on tax.

Michael Celender

4. Salary paid 200,000 but due 110,000.
by: Suman Mridha

Salary a/c DR.---310,000
Cash a/c CR.---200,000
Outstanding salary a/c CR.---110,000

by: Anonymous

1 - Business started with cash 8,000 and plant & machinery 3,000.
Dr Cash 8,000
Dr Machinery 3,000
Cr Capital 11,000

2 - Stock purchase for sale (cash purchase)=
Dr Purchase
Cr Cash

2 - Credit purchase = 5,000
Dr Purchase 5,000
Cr Creditor 5,000

3 - Wages paid 120,000 (including 20,000 of
future year).
Dr Wages 100,000
Dr Prepayment (asset) 20,000
Cr Bank 120,000

4 - Salary paid 200,000 but due 110,000.
Dr Salary 110,000
Dr Prepayment 90,000
Cr Bank 200,000

5 - Sale made for cash 600,000 & on credit 800,000.
Dr Cash 600,000
Cr Sales 600,000

Dr Debtor 800,000
Cr Sales 800,000

6 - Depreciation 10 percent on plant & machinery.

7 - Goods costing 20,000 destroyed by fire.

8 - Payment made to creditor of 200,000 at 10
percent discount.
Dr Creditor 200,000
Cr Bank 180,000
Cr Discount received 20,000

by: Rahul Goel

What is the journal entry if..
1-A person started a business for Rs.100000 by borrowing money from MR X. at a interest of 10% p.a.

2-He purchased machinery for business by investing money from his own pocket, not using money of business...

Plss anyone...rply soon....

Dr Bank 100000
Cr Loan (liability) 100000

Dr Machinery ___
Cr Capital ___

- Michael Celender

Journal Question
by: mohiuddin

Sale to X rs 8000, discount allowed 200. He paid rs 4000 via cheque & cash 3800...

Dr Bank 7800 (cheque + cash)
Dr Discount Allowed (expense) 200
Cr Sale 8000

- Michael Celender

journal entry of salary due 110000 and paid 200000
by: shyam

salary a/c dr. 110000
advance salary a/c dr. 90000
to cash a/c 200000

Salary Entry
by: Asif Zahoor (Gujranwala Pakistan)

Total Salary Payable 310,000 less paid 200,000 and Balance 110,000 Due.

Journal (Double Entry)
Salary A/C Debit :310,000
Cash A/C Credit:200,000
Salary A/C Credit:110,000 (Liabilities)

Journal Entry
by: Krishna

1.Cash a/c Dr. 8000
P & M a/c Dr. 3000
To Capital a/c. 11000

2.Purchase a/c Dr. 8000
To Cash 3000
To Creditors. 5000

3.Wages a/c Dr. 100000
Adv. Wages Dr. 20000
To Cash. 120000

4.Salary a/c Dr. 310000
To Cash. 200000
To O/S. 110000

5.Cash a/c Dr. 600000
Debtors a/c Dr.800000
To Sales. 1400000

7 - Goods costing 20,000 destroyed by fire.
by: Anonymous

7 - Goods costing 20,000 destroyed by fire.

Loss by Fire a/c Dr, 20,000
To Purchase a/c 20,000

(For goods destroyed by fire)

1st entry
by: Aadish jain

Cash A/c Dr. 8000
Plant and Machinery A/c Dr 3000
To CapitalA/c 11000

2- purchases
by: boby

purchases A/C Dr. rs. 5000/
To ,cash A/C. / rs.5000
purchases A/C Dr. rs.3000/
To,creditors A/C / rs.3000

by: Utsav

cash a/c dr. 600,000
debtors a/c dr. 800,000

to sales a/c cr. 1,400,000

8- creditors entry
by: utsav

creditors a/c dr. 200,000

to cash a/c 180,000
to discount received a/c 20,000

Journal Entry
by: Sumit

1.Cash A/c Dr
Plant & Machinry A/c dr
to Capital A/c

3.Salary A/c

to Employee(Current Liblity)
to O/S salary

Employee dr.
to Cash cr.

3.Loss by Fire A/c
to Purchase A/c

entry for salary
by: shishma

salary a/c Dr. 110,000
Salary in advance a/c Dr. 90,000
To cash 200,000

journal entry of salary
by: Anonymous

Salary a/c dr 310,000
. To cash a/c 200,000
. To outstanding salary a/c 110,000

by: Anonymous

1. Cash A/c Dr 8000
Plant and machinery A/c Dr 3000
To capital A/c 11000

2. Purchases A/c Dr 8000
To Cash A/c 3000
To Creditors A/c 5000

3. Wages A/c Dr 100000
Advance Wages A/c Dr 20000
To Cash A/c 120000

by: Anonymous

salary A/c....Dr 200000
To cash A/c 90000
To salary A/c 110000
(Being salary paid but due)

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