Question

Furniture of 1,80,000 was realised at 1,00,000 rupees. The journal entry is-

• A. Bank A/c Dr, 1,00,000, To Realisation A/c 1,00,000
• B. Bank A/c Dr, 1,80,000 To Realisation A/c 1,80,000
• C. Realisation A/c Dr, 1,00,000, To Bank A/c 1,00,000
• D. Realisation A/c Dr, 1,80,000, To Bank A/c 1,80,000

Answer 1

The correct option is A

Bank A/c Dr, 1,00,000, To Realisation A/c 1,00,000

The journal entry is-

Bank A/c Dr, 1,00,000

To Realisation A/c 1,00,000