Paid salary to ram journal entry

Author: dnid

August undefined, 2024

WebWhat will be the journal entry for the following -. 1)Goods purchased from Mohan for Rs 5000. 2)Goods purchased from Mohan on credit Rs 3000. 3)Salary paid to Mohan. 4)A sum of Rs 120 is realized on the sale of old furniture. WebJun 25, 2024 · On 31st March, 2024 Salary paid by cheque to employee Rs. 60,000. Pass journal Entry. The salary paid to the employees is considered as the Expenses of the …

What is the journal entry for salary paid in advance?

WebSuppose Ram has sold goods to Sham on Credit of Rs. 50000 and it is the term of agreement that if Sham pays within 20 day of this purchase, he can receive 10% discount. If Sham pays within 20 days then Treat cash discount in day book of both parties. Day book of Seller ( Ram ) Bank Account Dr. 45000 Discount Allowed Account Dr. 5000 WebCorrect option is B) Salary paid to Ram will be debited to salary A/c instead of Ram's Personal A/c. The correct Journal Entry is. Salary A/C Dr. To Cash A/c. (Being salary paid … ironman triathlon wall vinyl stickers

Search engine optimization - Wikipedia

WebJune 17-Paid $1,500 to administrative assistant for salary. June 23-Billed Farid for $4,000 consulting engagement performed. Let’s prepare some journal entries and post them to the ledger. HUM 279: Principles of Accounting 4/30 June 25-The company paid Rizvi a $1,000 dividend. June 26-Collected 50% of the amount due for the billing on June 23. WebKevin Trudeau (/ t r uː ˈ d oʊ /; born 1962/1963) is an American author, salesman, and convicted fraudster known for promotion of his books and resulting legal cases involving the US Federal Trade Commission.His ubiquitous late-night infomercials, which promoted unsubstantiated health, diet, and financial advice, earned him a fortune but resulted in civil … WebWhat are the journal entries for the following: 1. Joseph started his business with his personal savings of 10 million shillings cash at hand and 20 million cash at bank. 2. Bought buildings from Moses at 10 million, paid 2 million cash, 4 million by cheque and promised to pay the balance later. 3. port washington town dump

Journal Entries of Credit Note Accounting Education

What is the journal entry for paying salary to ram?

Webthe total of Salary and Rent paid. Journal entry Rent A/c Dr. 2,000 Salary A/c Dr. 4,000 Cash A/c 6,000 (Cash paid for rent and salary) Similarly cash paid to Vikram 4900. He allowed us discount 100. Journal entry will be : Vikram Dr. 5,000 Cash A/c 4,900 Discount A/c 100 (Cash paid to Vikram and discount allowed by him) Journals INTEXT ... WebThe way of recording in a journal is quite different from normal recording. Journal entry is recorded in journal format in which the ‘Debit Amount’ column is listed before the ‘Credit Amount’ column. Credits are indented. Indentation is leaving a space before writing any word. Journal entry has its own jargon. ironman vichy 2016WebDec 5, 2024 · The journal entry for paying salary to ram would be as follows. Salary A/C Dr. Salary payable A/C Dr. The justification for these entries is that in the first entry the salary … port washington today

"WebJan 21, 2024 · Journal Entries Question for class 11 with solution -journal is a primary book of account in which transactions are first. ... Paid salary to ram: 3,000: April 30: Paid interest on loan from bank on repayment: 250: solution: date : particulars : L.F : Dr : Cr : 2024 April 1: Cash a/c To capital a/c " - Paid salary to ram journal entry

Paid salary to ram journal entry

WebPaid salary 25000 by cheque, and still due 10000. i. Paid insurance premium in advance 9000. j. Paid for salary outstanding 10000. k. A bad debt of 5000 ... Required: Journal entries in the book of Ram . Journal Entries. Date. Particular. L.F. Debit. Credit. a.

Did you know?

WebSolution: Question 9. Solution: Question 10. Journalise the following transactions : i. Paid Rs.2,000 in cash as wages on installation of a machine. ii. Sold goods to Manohar, list price Rs.4,000, Trade Discount 10% and cash Discount 5% he paid the amount on the same day and availed the cash discount. WebAug 20, 2024 · To Salary Payable** a/c Cr. (Being Salary expenses recorded) *Salary expense a/c will be recording the Basic/Gross salary to be paid to employee exclusive/inclusive of all allowances given to him respectively. ** Salary payavle a/c will record the net amount of salary whiich shall be paid to the employee (s). 2.

WebWrite Journal Entries for the transactions. 10 th April : Commenced business with a capital of 1,00,000 : 11 th April : Purchased goods from Veeru for 20,000 : ... Paid salary to Mr. Charan 12,000 : 14 th June : Purchased stationery from Kagaz & Co. and paid by cheque 5,000 : 15 th June : Received interest 14,000 : WebByju's

Web#1 – Initial Recordation. The main salary journal entry will be recorded for the initial payroll. This entry shall record or recognize the gross salary or gross wages Gross Wages Gross … WebJun 25, 2024 · On 31st March, 2024 Salary paid by cheque to employee Rs. 60,000. Pass journal Entry. The salary paid to the employees is considered as the Expenses of the business. According to the accounting rules, the increase in the Expenses will be debited. Therefore, the salary account will be debited while passing the Journal entry.

WebDec 2, 2024 · The purpose of posting JF in the ledger is to locate entries in the journal book and also to ensure that recording has been done in books of original entry. 9. What entry (debit or credit) would you make to: (a) increase revenue (b) decrease in expense, (c) record drawings (d) record the fresh capital introduced by the owner.

WebSearch engine optimization (SEO) is the process of improving the quality and quantity of website traffic to a website or a web page from search engines. SEO targets unpaid traffic (known as "natural" or "organic" results) rather than direct traffic or paid traffic.Unpaid traffic may originate from different kinds of searches, including image search, video search, … ironman triathlon winning prizeWebNov 22, 2024 · Salary paid ₹10,000. Journal Entries questions for Practice. Question 7. 2024. ... Rent paid ₹ 6,000 9. Goods return to Ram ₹ 10,000 10. Commission received ₹ 5,000 11. Goods return from Deepak ₹ 8,000 12. Cash paid to Ram in his account 13. port washington townhttp://www.accountingdose.com/2015/08/journal-entry-for-salary-including.html port washington town hallWebC OL OR A DO S P R I N G S NEWSPAPER T' rn arr scares fear to speak for the n *n and ike UWC. ti«(y fire slaves tch> ’n > » t \ m the nght i »ik two fir three'."—J. R. Lowed W E A T H E R F O R E C A S T P I K E S P E A K R E G IO N — Scattered anew flu m e * , h igh e r m ountain* today, otherw ise fa ir through Sunday. ironman uk summer internshipWebJun 10, 2024 · Some other important journal entries . X started business with cash Rs. 500,000/= Open current A/c into SBI for Rs. 5000/= Cash deposit into SBI Rs. 100,000/= ... Paid Salary to Ram in cash 5500/= Purchase goods from Rahim on Which he allows 10% Trade Discount on MRP of Rs. 12000. ironman vichy 2022 circulationWeb27 Paid Salary to Gopal 1,200 ... To Ram’s A/c (Received cash from Ram and allowed discount) 20,000 March 20 Pawan’s A/c Dr. 5,000 To Cash A/c ... of Original Entry - Journal To Cash A/c (Paid rent for Hari Shankar’s residence) 5,000 April 18 Purchases A/c Dr. 4,800 port washington townhomesWebSep 28, 2024 · The following information is given to you by Mr Suraj: 5 Jan: Loan taken from Mr Dinesh Rs 50,000. 10 Feb: Loan taken from BC Co-operative Ltd Rs 200,000. 15 Mar: 15% Loan taken from Ms Ranjana Rs 100,000. 20 Apr: 12% Loan taken from NMC Bank Ltd Rs 3,00,000 by opening bank account. Required: Journal entry. ironman triathlons