CBSE Class 11-commerce Answered
Journal Entry
Date |
Particulars |
|
L.F. |
Dr. Rs. |
Cr. Rs. |
2016 March 31 i. |
Closing stock A/c Dr. |
|
|
40,000 |
|
|
To Trading A/c |
|
|
|
40,000 |
|
(Being the closing stock brought into account) |
|
|
|
|
ii. |
Salaries A/c Dr. |
|
|
8,500 |
|
|
To Outstanding Salaries A/c |
|
|
|
8,500 |
|
(Being the salaries due to staff) |
|
|
|
|
|
|
|
|
|
|
iii. |
Mohan A/c Dr. |
|
|
20,000 |
|
|
To Sales A/c |
|
|
|
20,000 |
|
(Being goods sold to Mohan) |
|
|
|
|
|
|
|
|
|
|
iv. |
Purchase A/c Dr. |
|
|
10,000 |
|
|
To Radha A/c |
|
|
|
10,000 |
|
(Being goods purchased from Radha) |
|
|
|
|
v. |
Drawings A/c Dr. |
|
|
1,000 |
|
To Bank A/c |
|
|
|
1,000 |
|
(Being the Cash withdrawn from bank for personal use) |
|
|
|
|
|
vi. |
Fixed Deposit A/c Dr. |
|
|
6,000 |
|
|
To Bank A/c |
|
|
|
6,000 |
|
(Being the transfer from current account to Fixed ) |
|
|
|
|
vii. |
Charity A/c Dr. |
|
|
5,000 |
|
|
To Purchases A/c |
|
|
|
5,000 |
|
(Being the goods given as charity) |
|
|
|
|