Please Give Journal Entries
Dear Student
Regards
Date | Particulars | Debit | Credit | |
1 | Cash A/c (76,000 - 12,000) | Dr. | 64,000 | |
To Realisation A/c | 64,000 | |||
(Being debtor encashed and some proved to be bad) | ||||
2 | Realisation A/c | Dr. | 6,650 | |
To Parul's Capital A/c (7,000 - 5%) | 6,650 | |||
(Being parul agreed to dispose her husband loan at 5% discount) | ||||
3 | Payal's Capital A/c | Dr. | 3,000 | |
To Realisation A/c | 3,000 | |||
(Being unrecorded machine taken over) | ||||
4 | Realisation A/c | Dr. | 4,000 | |
To Cash A/c | 4,000 | |||
(Being contingent liability paid) | ||||
5 | Parul's Capital A/c | Dr. | 9,000 | |
Payal's Capital A/c | Dr. | 9,000 | ||
Priyanka's Capital A/c | Dr. | 9,000 | ||
To Profit and Loss A/c | 27,000 | |||
(Being profit and loss closed in capital account) | ||||
6 | Realisation A/c (15,000 + 18,000) | Dr. | 33,000 | |
To Priiyanka's Capital A/c | 33,000 | |||
(Being priyanka paid realisation expenses of rs 15,000 also her remuneration due) |
Regards