Blog - Journal Entries Scenario 20

Journal Entries Scenario 20

Journal Entries Scenario 20

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1.     Salary Paid  5000.00

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2.     Purchase Goods From Girish Which Include 50 % Cash Purchase      20000.00

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3.     Sold Goods To Manoj 50 % On Credit And Balance For Cash  10000.00

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4.     Paid To Prakash In Full Settlement                                                50000.00

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5.     Receive From Manoj In Full Settlement  6000.00

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6.     Paid To Girish Full Settlement  3000.00

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7.     Started Business With Cash  90000.00

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8.     Paid Into Bank  50000.00

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9.     Purchase Of Furniture And Payment By Cheque   10000.00

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10.  Goods Purchase For Cash  30000.00

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11.  Sold  Goods To Mahesh  4000.00

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12.  Sold Good Ram Lal  8000.00

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13.  Ram Lal Become Insolvent And A  Payment Was Received @ 25 Paise In     Rupee 1000.00

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14.  Received An Order For Goods From Mahesh  1000.00

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15.  Insured Goods Destroyed By Fire And Insurance Company Has Accepted     The Claim 4000.00

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16.  Received The Amount Of Claim For Insurance Company  4000.00

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17.  Paid For Stationery  400.00

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18.  Rent  2000.00

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19.  Salary To Staff  5000.00

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58 6 months ago