CBSE Class 11-commerce Answered
Journalise the following transactions :
2016
Rs.
May 2
Rent outstanding.
5,000
May 3
Received interest on loan from the debtor.
35,000
May 4
Paid installation charges of a machine Rs.1,350 in cash.
May 5
Out of insurance paid this year, Rs.4,000 are related to next year.
May 21
Returned goods to Sita.
850
Asked by Topperlearning User | 28 Jul, 2016, 05:34: PM
Expert Answer
Journal Entry
|
Date |
Particulars |
|
L.F. |
Dr. Rs. |
Cr. Rs. |
|
2016 May 2 |
Rent A/c Dr. |
|
|
5,000 |
|
|
|
To Outstanding Rent A/c |
|
|
|
5,000 |
|
|
(Being the outstanding rent accounted) |
|
|
|
|
|
May 3 |
Cash A/c Dr. |
|
|
35,000 |
|
|
|
To Interest on Loan A/c |
|
|
|
35,000 |
|
|
(Being interest on loan received) |
|
|
|
|
|
|
|
|
|
|
|
|
May 4 |
Machinery A/c Dr. |
|
|
1,350 |
|
|
|
To Cash A/c |
|
|
|
1,350 |
|
|
(Being installation charges paid) |
|
|
|
|
|
|
|
|
|
|
|
|
May 5 |
Advance Insurance A/c Dr. |
|
|
4,000 |
|
|
|
To Insurance A/c |
|
|
|
4,000 |
|
|
(Being insurance prepaid for next year) |
|
|
|
|
|
May 21 |
Sita A/c Dr. |
|
|
850 |
|
|
|
To Purchases Return A/c |
|
|
|
850 |
|
|
(Being goods returned to Sita) |
|
|
|
|
Answered by | 28 Jul, 2016, 07:34: PM
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