Answer to Question #279189 in Accounting for LIZIE

Question

The following entries have been passed by an accountant. State whether these entries are correct or not. Prepare the correct journal entries.  Date

Cash A/c                                                    Dr.

   To Interest A/c                                                         Cr.

(Being interest paid)

7,000

 

7,000

 

Sohan’s A/c                                                Dr.

   To Purchases A/c                                                     Cr.

(Being purchase of goods from Sohan in cash)

10,000

 

10,000

 

Hari Om’s A/c                                           Dr.

   To Sales A/c                                                        Cr.

(Being cash sales to Hari Om)

5,000

 

5,000

 

Mukesh A/c                                               Dr.

    To Bank A/c                                                          Cr.

(Being salary paid for the month)

10,000

 

10,000

 

Answer 1

Correct journal entries are given: