Journal entry
This query is : Resolved
14 June 2013
Respected Sir
Im Supratim Ghosh from kolkata
I want to know the journal entry of following
Q.1)Sold good for cash and paid into S.B.I Rs 1000.
Q.2)Drew for office cash from U.B.I Rs 3600.
Q.3)Transfered from U.B.I to S.B.I Rs 500.
Q.4) U.B.I allowed interest Rs 120.
Q.5) S.B.I charged interest Rs 80.
Pl sir ans my questuion and say the reason,as soon as possible.
Regards Supratim Ghosh
Im Supratim Ghosh from kolkata
I want to know the journal entry of following
Q.1)Sold good for cash and paid into S.B.I Rs 1000.
Q.2)Drew for office cash from U.B.I Rs 3600.
Q.3)Transfered from U.B.I to S.B.I Rs 500.
Q.4) U.B.I allowed interest Rs 120.
Q.5) S.B.I charged interest Rs 80.
Pl sir ans my questuion and say the reason,as soon as possible.
Regards Supratim Ghosh
14 June 2013
Ans.1) a. If first cash is received and than same is deposited in bank:
Cash A/c Dr.
To Sales A/c
Bank A/c Dr.
To Cash A/c
b. If cheque is received from debtor then:
Bank A/c Dr.
To Sales A/c
Cash A/c Dr.
To Sales A/c
Bank A/c Dr.
To Cash A/c
b. If cheque is received from debtor then:
Bank A/c Dr.
To Sales A/c
14 June 2013
Ans. 2)Cash A/c Dr.
To U.B.I. A/c
Ans. 3)S.B.I. A/c Dr.
To U.B.I. A/c
Ans. 4)U.B.I. A/c Dr.
To Bank Interest A/c
Ans. 5)Bank Interest A/c Dr.
To S.B.I.
To U.B.I. A/c
Ans. 3)S.B.I. A/c Dr.
To U.B.I. A/c
Ans. 4)U.B.I. A/c Dr.
To Bank Interest A/c
Ans. 5)Bank Interest A/c Dr.
To S.B.I.
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