Answered step by step
Verified Expert Solution
Question
1 Approved Answer
bnm LF Rs. The following entries have been passed by a student. You have to state whether these entries are correctly passed. If not so,
bnm
LF Rs. The following entries have been passed by a student. You have to state whether these entries are correctly passed. If not so, pass the correct journal entries. Particulars Amount Amount Rs. O Cash A/C Dr. 7,000 To Interest A/C 7,000 (Being interest paid) (ii) Mohan 10,000 To Purchases Alc 10,000 (Being purchase of goods from Mohan) Dr. q3 Particulars LF. Amount Rs. Amount Rs. 5,000 Dr. 5,000 1,000 1,000 Dr. 1,000 1,000 Dr. 1,000 (ii) Hari To Sales Alc (Being credit sale of goods to Hari) (iv) Mukesh Dr. To Bank A/C (Being salary paid to Mukesh) (v) Freight Alc To Cash A/C (Being freight paid) (vi) Repairs Alc To Cash Alc (Being charges paid for overhauling an old machine purchased) (vii) Cash Alc Dr. To Rakesh (Being an amount of debt which was written off as bad debt last year, is received during the year) (viii) Purchases Alc Dr. To Hari (Being goods sold to Hari earlier, now returned by him) 1,000 200 200 1,000 1,000Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started