Basic Journal Entries Example 7.

Example of journal entry question. Write Journal Entries for the transactions. But lets just assume thats possible and all good for purposes of this question. Hashim Khan the owner invested Rs.

And commission paid to selling agent. The journal entry will be a debit of 20000 to Depreciation Expense and a credit to Accumulated Depreciation of 20000. Journal Entries Interview Questions And Answers Video in this video we are giving several explanations for journal entry interviewLink of Real Nominal And.

He bought goods old Rs400000 and furniture of Rs500000. 1On 01112019 bought a delivery Van of Rs400000 from Eram Motors on the following terms. Its analysis is done on the basis of rules of double entry system.

Purchased goods from Veeru for 20000. Anonymous How we can pass the journal entry for this question. Credit- Mr John Capital Ac Increase Liability of the business.

Approved by SPA only Journalentry is approved by FRAS first then routed to SPA for approval. Since Sale of goods is an income so Sales Ac would be credited because according to the Rules of Debit and Credit an income Ac is credited. 4000 was sold for Rs.

4 Bought a building from L and Co. How we can pass the journal entry by. Prepare general journal entries for the following transactions of a business called Pose for Pics in 2016.