Journalise the following transactions: 1 Loan taken from D Das Rs 4000 2 Interest charged on drawings @ - Accountancy -

Question

Journalise the following transactions:
1 Loan taken from D Das Rs 4000
2 Interest charged on drawings @ 5%, when total drawings were Rs
10000
3 Salaries and wages due to Manager Rs 725
4 Paid for petrol for office car Rs 150

Saurabh Mehta · Accepted Answer

Journal

Date

Particulars

L
F

Debit

Amount

Rs

Credit
Amount

Rs

Cash
A/c

Dr

4,000

To Loan from
D Das

4,000

(Loan taken
from D Das)

Drawings
A/c

Dr

600

To Interest
on Drawings A/c

600

(Interest on
drawings charged @5% on the drawings of Rs 12,000)

Salaries and
Wages A/c

Dr

725

To
Outstanding Salaries and Wages A/c

725

(Salaries and
Wages due to manager)

Conveyance
A/c

Dr

150

To Cash
A/c

150

(Paid for
petrol for office car)

Journal
Date	Particulars		L.F.	Debit Amount Rs	Credit Amount Rs

	Cash A/c	Dr.		4,000
	To Loan from D.Das				4,000
	(Loan taken from D.Das)

	Drawings A/c	Dr.		600
	To Interest on Drawings A/c				600
	(Interest on drawings charged @5% on the drawings of Rs 12,000)

	Salaries and Wages A/c	Dr.		725
	To Outstanding Salaries and Wages A/c				725
	(Salaries and Wages due to manager)

	Conveyance A/c	Dr.		150
	To Cash A/c				150
	(Paid for petrol for office car)

Journalise the following transactions: 1. Loan taken from D.Das Rs 4000 2. Interest charged on drawings @ 5%, when total drawings were Rs 10000 3. Salaries and wages due to Manager Rs 725 4. Paid for petrol for office car Rs 150

Journalise the following transactions:

1. Loan taken from D.Das Rs 4000

2. Interest charged on drawings @ 5%, when total drawings were Rs 10000

3. Salaries and wages due to Manager Rs 725

4. Paid for petrol for office car Rs 150