Question

Prepare Journal Entries of the following postings :-

(I) Dr.

PURCHASES A/C

Cr.

	₹		₹
To Cash A/c	2,000

(II) Dr.

SALARIES A/C

Cr.

	₹		₹
To Cash A/c	1,500

(III) Dr.

INTEREST A/C

Cr.

	₹		₹
		By Cash A/c	800

(IV) Dr.

MOHAN

Cr.

	₹		₹
To Cash A/c	5,000

Answer 1

Journal In the Books of…
Date	Particulars		L.F.	Debit Amount (Rs)	Credit Amount (Rs)
(I)	Purchases A/c	Dr.		2,000
	To Cash A/c				2,000
	(Goods purchased for cash)
(II)	Salaries A/c	Dr.		1,500
	To Cash A/c				1,500
	(Salary paid in cash)
(III)	Cash A/c	Dr.		800
	To Interest A/c				800
	(Received interest in cash)
(IV)	Mohan’s A/c	Dr.		5,000
	To Cash A/c				5,000
	(Cash paid to Mohan)