Question 18 of 22
Q.Journalise the following transactions and post them to ledger.
On May 20, 2018, Ram paid Salaries Rs. 15,000, Electricity charges Rs. 8,000 and Wages Rs. 2,000.
Tamil Nadu DgeTamil Nadu HSC First Year (DGE) Commerce Board 2024Subjective· 3mImportance★★★★★
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Start your 14-day free trial to unlock the full solution →One compound entry debits the three expense accounts and credits Cash Rs. 25,000; posting puts each expense on the debit side of its account and the three items on the credit side of Cash.
Journal
| Date | Particulars | L.F. | Debit (Rs.) | Credit (Rs.) |
|---|---|---|---|---|
| 2018 May 20 | Salaries A/c Dr | 15,000 | ||
| Electricity Charges A/c Dr | 8,000 | |||
| Wages A/c Dr | 2,000 | |||
| To Cash A/c | 25,000 | |||
| (Being salaries, electricity and wages paid in cash) |
Ledger
Salaries Account
| Dr | Rs. | Cr | Rs. |
|---|---|---|---|
| May 20 To Cash A/c | 15,000 |
Electricity Charges Account
| Dr | Rs. | Cr | Rs. |
|---|---|---|---|
| May 20 To Cash A/c | 8,000 |
Wages Account
| Dr | Rs. | Cr | Rs. |
|---|---|---|---|
| May 20 To Cash A/c | 2,000 |
Cash Account
…
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