Journal entry for paid to electric bill by cheque

Open in App

Solution

Dear Student,

Electricity expenses A/c DR.
To Bank A/c
(being electricity expenses paid by cheque)

Regards,
sumi

Suggest Corrections

Similar questions

Q. A purchases goods worth ₹ 6,200 from B and gives him his acceptance for ₹ 6,000 in full satisfaction. B purchases goods worth ₹ 10,000 from C and endorses the bill to him, paying the balance by cheque. On maturity the bill is dishonoured, noting charges amounted to ₹ 100.
Give the Journal entries in the books of A, B and C.

Q. On 1st January, 2019, X sold goods to Y for ₹ 25,000 and immediately received from Y ₹ 10,000 by cheque and drew a bill on Y at three months for the balance amount. Bill is accepted by Y. Bill was dishonoured on the due date and Y paid ₹ 150 as noting charges. Ten days later, Y pays the due amount to X. Pass the Journal entries in the books of both the parties.

Give Journal entries for the following:

(i) Bought goods at the list price of Rs.50,000 from Vinod less 20% trade discount and 2% cash discount and paid 40% by cheque.

(ii) Sold goods to Mohan at list price Rs.1,00,000 less 20% trade discount and 2% cash discount and paid 50% by cheque.

(iii) Paid income tax through cheque Rs.2,000.

On Jan. 01, 2017 Harsh accepted a month bill for Rs 10,000 drawn on him by tanu for latter’s benefit. Tanu discounted the bill on same day @ 8% p.a. On the due date tanu sent a cheque to Harsh for honour the bill. Harsh duly honoured his acceptance. Record the journal entries in the Books of Tanu and Harsh.

Prepare two column cash book from the following transactions of M/s Raj Mohan for the month of April, 2016. Also prepare any five related ledger accounts and pass journal entries related to discount received and discount allowed.

$\begin{matrix} 2016 & Particular & Amt(Rs) Apr 1 & Cash in hand & 70, 000 Bank overdraft & 66, 000 Apr 2 & Cash Purchases Rs 8,000 less trade discount @ 10 % Apr 3 & Sold goods to Raja on credit & 4, 000 Purchased goods on credit from Rajesh & 8, 000 Apr 4 & Wages paid & 7, 000 Apr 5 & Cash sales & 85, 000 Apr 7 & Purchased goods from Manisha for Rs 61,250 paid by cheque in full settlement & 60, 000 Apr 9 & Purchased furniture for cash & 50, 000 Apr 10 & Cash paid to Sarika discount received Rs 500 & 25, 000 Apr 11 & Cheque issued to Manisha was dishonoured Apr 13 & Cash sales & 22, 500 Apr 16 & Bank charged interest on overdraft & 2, 500 Apr 18 & Deposited into bank & 35, 000 Apr 20 & Paid telephone bill by cheque & 3, 000 Apr 25 & Sold goods for 1,17,500 to Sachin and received cheque in full dsettlement (Deposited & 1, 15, 000 same day) Apr 27 & Paid rent & 4, 000 Apr 29 & Drew cash for personal use & 5, 000 Apr 29 & Paid electricity bill in cash & 27, 000 Apr 30 & Paid salary & 10, 000 Apr 30 & Interest collected by bank & 12, 500 \end{matrix}$

Join BYJU'S Learning Program

Journal entry for paid to electric bill by cheque

Dear Student, Electricity expenses A/c DR. To Bank A/c (being electricity expenses paid by cheque) Regards, sumi

Dear Student,

Electricity expenses A/c DR.
To Bank A/c
(being electricity expenses paid by cheque)

Regards,
sumi