Journal entry

This query is : Resolved

Supratim Ghosh (Querist)
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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

CA Devin

CA Devin (Expert)
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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

CA Devin

CA Devin (Expert)
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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.

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