journal entry settled shyamsundar Bros. account by cheque rs. 800

journal entry settled shyamsundar Bros. account by cheque rs. 800

Journal

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

Shyamsundar Bros
Dr.

800

To Bank A/c

800

(Account of Shyamsundar settled by cheque)

Journal DateParticularsL.F.DebitAmountRsCredit AmountRs Shyamsundar BrosDr. 800 To Bank A/c 800 (Account of Shyamsundar settled by cheque)

Journal

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

Shyamsundar Bros
Dr.

800

To Bank A/c

800

(Account of Shyamsundar settled by cheque)

Open in App

Solution

Suggest Corrections

Similar questions

The company replenished the petty cash fund via a cheque of Rs 730. In the journal entry, which account is credited?

On 1st January, 2016, Gyan Singh opened a bank account by depositing Rs.24,000 in cash. All remittance are to be paid into bank on the same day on which they are received and all payment are made by cheques. Enther the following transaction in the jurnal.

2016
Jan 2 goods sold to Pritam for cash Rs. 1,000.
Jan 5 Settled Arjun's Account of Rs. 800.
Jan 7 Received from Vinay a Cheque for Rs. 3,000.
Jan 10 Purchased a typewriter for Rs. 800 and Spend Rs. 200 on its repairs.
Jan 12 Vinay's cheque was returned dishonured.
Jan 15 Received a money order for Rs. 100 from Arjun.
Jan 20 Vinay settled his account by means of a cheque for Rs. 3,020, Rs. 20 being for interest charged.
Jan 27 Purchased machinery from Sunil for Rs. 20,000 and paid him by means of a bank draft purchased from bank for Rs. 20,020.

B Ltd purchased assets of the book value of Rs.4,00,000 and took over the liability of Rs. 50,000 from Mohan Bros. It was agreed that the purchase consideration, settled at Rs.3,80,000, be paid by issuing debentures of Rs.100 each

What Journal entries will be made in the following three cases, if debentures are issued

(a) at par

(b) at discount

Q. Give journal entry for:
Depreciation transferred to profit and loss account of

R s .7500

On February 2, 2011, Verma purchased from Sharma Goods for Rs. 17,500. Verma paid Rs. 2,500 immediately and for the balance gave a bill to Sharma payable after 60 days.
Sharma immediately endorsed the bill in favour of his creditor Gupta for the fulll settlement of a debt of Rs. 15, 400. On the due date of the bill, Gupta presented the bill to Verma which the latter dishonoured and Gupta paid Rs. 50 as noting charges. On the same date, Gupta informed Sharma about the dishonour of the bill. Sharma settled his debt to Gupta by cheque for Rs. 15,500 which includes nothing charges and interest. Verma settled Sharma's claim by cheque for the same amount.
Record the necessary journal entries is the books of Sharma, Gupta and Verma for the above transaction and prepare Verma's and Gupta's Accounts in the books of Sharma, Sharma's account in the book of Verma and also Sharma's Account in the books of Gupta.

Join BYJU'S Learning Program

Journal

Particulars

Debit
Amount
Rs

Credit Amount
Rs

Shyamsundar Bros

To Bank A/c

(Account of Shyamsundar settled by cheque)