WebAnswer (1 of 4): Payments in full settlement of account means the lump sum amount paid at once to settle all the outstanding dues. When receiving all the cash at once, the customer … WebJournal Entries - Read online for free. ... 5,000 30 April Salaries paid ... Discount received ₹ 25 30 April Paid to Ravi ₹ 1,00 in Cash and ₹ 200 by cheque 30 April Paid ₹.480 to Mohan in settlement of his account for ...
JOURNAL, LEDGER, SUBSIDIARY BOOKS AND TRIAL BALANCE
Web3. Cranberry Township Community Waterpark. 8. Water Parks. Good for Kids. “The pool has a million things for kids to do, other than just swim. A huge baby pool & they have...” more. … WebWhat is the journal entry of paid salary to Mohan? Mohan Dr. #certain amount which is mentioned in question. (it states that Cash paid means an expense so it will be debited … trination edinburgh
Three Golden Rules of Accounting - Rules & Examples - Tax2win
WebPrepare an Accounting Equation from the following : (i) Started business with cash Rs 50,000 and goods Rs 30,000. (ii) Purchased goods for cash Rs 30,000 and on credit from Karan Rs 20,000. (iii) Goods costing Rs 40,000 were Sold for Rs 55,000. (iv) Withdrew cash for personal use Rs 10,000. (v) Rent outstanding Rs 2,000. WebAug 3, 2015 · Journal Entry will be: -. Salary A/C Dr 1450000(1200000+150000+75000+25000) ESI contribution A/C Dr 45000. PF … Web(i) Mohan commenced business with cash 50,000 (ii) Purchased goods for cash 30,000 (iii) Purchased goods on credit 20,000 (iv) Sold goods (costing ₹ 10,000) for 12,000 (v) Bought furniture on credit 2,000 (vi) (vii) Paid cash to a creditor Salary paid 15,000 1,000 The solution for this question is as follows: S. No. Transaction trinational cybersecurity