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Pass journal entries in the books of santosh for the following: (i) Received @ 75 paisa in a rupee from a debtor of Rs. 500. (ii) Goods of Rs. 200 destroyed by fire. (iii) Allowed discount of Rs. 15 to Dinesh. (iv) Received commission of Rs. 75 from Manoj. (v) Bank charged Rs. 10 for incidental charges. [Ans. Total of Journal Rs. 800.]?
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Pass journal entries in the books of santosh for the following: (i) Re...
Journal entries in the books of Santosh:
(i) Received @ 75 paisa in a rupee from a debtor of Rs. 500.
Debtor Account Dr. - Rs. 500
To Cash Account - Rs. 375
To Discount Account - Rs. 125
Explanation:
- The debtor account is debited with Rs. 500, which is the amount owed by the debtor.
- The cash account is credited with Rs. 375, which is the amount received after deducting the discount.
- The discount account is credited with Rs. 125, which is the discount allowed to the debtor.
(ii) Goods of Rs. 200 destroyed by fire.
Loss by Fire Account Dr. - Rs. 200
To Goods Account - Rs. 200
Explanation:
- The loss by fire account is debited with Rs. 200, which is the value of goods destroyed by fire.
- The goods account is credited with Rs. 200, which is the value of goods destroyed by fire.
(iii) Allowed discount of Rs. 15 to Dinesh.
Discount Account Dr. - Rs. 15
To Dinesh Account - Rs. 15
Explanation:
- The discount account is debited with Rs. 15, which is the discount allowed to Dinesh.
- The Dinesh account is credited with Rs. 15, which is the amount of discount allowed.
(iv) Received commission of Rs. 75 from Manoj.
Cash Account Dr. - Rs. 75
To Commission Received Account - Rs. 75
Explanation:
- The cash account is debited with Rs. 75, which is the amount received as commission.
- The commission received account is credited with Rs. 75, which is the amount of commission received.
(v) Bank charged Rs. 10 for incidental charges.
Bank Charges Account Dr. - Rs. 10
To Bank Account - Rs. 10
Explanation:
- The bank charges account is debited with Rs. 10, which is the amount charged by the bank for incidental charges.
- The bank account is credited with Rs. 10, which is the amount charged by the bank for incidental charges.
Thus, the total of the journal entries is Rs. 800.
(i) Received @ 75 paisa in a rupee from a debtor of Rs. 500.
Debtor Account Dr. - Rs. 500
To Cash Account - Rs. 375
To Discount Account - Rs. 125
Explanation:
- The debtor account is debited with Rs. 500, which is the amount owed by the debtor.
- The cash account is credited with Rs. 375, which is the amount received after deducting the discount.
- The discount account is credited with Rs. 125, which is the discount allowed to the debtor.
(ii) Goods of Rs. 200 destroyed by fire.
Loss by Fire Account Dr. - Rs. 200
To Goods Account - Rs. 200
Explanation:
- The loss by fire account is debited with Rs. 200, which is the value of goods destroyed by fire.
- The goods account is credited with Rs. 200, which is the value of goods destroyed by fire.
(iii) Allowed discount of Rs. 15 to Dinesh.
Discount Account Dr. - Rs. 15
To Dinesh Account - Rs. 15
Explanation:
- The discount account is debited with Rs. 15, which is the discount allowed to Dinesh.
- The Dinesh account is credited with Rs. 15, which is the amount of discount allowed.
(iv) Received commission of Rs. 75 from Manoj.
Cash Account Dr. - Rs. 75
To Commission Received Account - Rs. 75
Explanation:
- The cash account is debited with Rs. 75, which is the amount received as commission.
- The commission received account is credited with Rs. 75, which is the amount of commission received.
(v) Bank charged Rs. 10 for incidental charges.
Bank Charges Account Dr. - Rs. 10
To Bank Account - Rs. 10
Explanation:
- The bank charges account is debited with Rs. 10, which is the amount charged by the bank for incidental charges.
- The bank account is credited with Rs. 10, which is the amount charged by the bank for incidental charges.
Thus, the total of the journal entries is Rs. 800.
Community Answer
Pass journal entries in the books of santosh for the following: (i) Re...
Journal total 're. 820
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Pass journal entries in the books of santosh for the following: (i) Received @ 75 paisa in a rupee from a debtor of Rs. 500. (ii) Goods of Rs. 200 destroyed by fire. (iii) Allowed discount of Rs. 15 to Dinesh. (iv) Received commission of Rs. 75 from Manoj. (v) Bank charged Rs. 10 for incidental charges. [Ans. Total of Journal Rs. 800.]?
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Pass journal entries in the books of santosh for the following: (i) Received @ 75 paisa in a rupee from a debtor of Rs. 500. (ii) Goods of Rs. 200 destroyed by fire. (iii) Allowed discount of Rs. 15 to Dinesh. (iv) Received commission of Rs. 75 from Manoj. (v) Bank charged Rs. 10 for incidental charges. [Ans. Total of Journal Rs. 800.]? for Class 11 2024 is part of Class 11 preparation. The Question and answers have been prepared according to the Class 11 exam syllabus. Information about Pass journal entries in the books of santosh for the following: (i) Received @ 75 paisa in a rupee from a debtor of Rs. 500. (ii) Goods of Rs. 200 destroyed by fire. (iii) Allowed discount of Rs. 15 to Dinesh. (iv) Received commission of Rs. 75 from Manoj. (v) Bank charged Rs. 10 for incidental charges. [Ans. Total of Journal Rs. 800.]? covers all topics & solutions for Class 11 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Pass journal entries in the books of santosh for the following: (i) Received @ 75 paisa in a rupee from a debtor of Rs. 500. (ii) Goods of Rs. 200 destroyed by fire. (iii) Allowed discount of Rs. 15 to Dinesh. (iv) Received commission of Rs. 75 from Manoj. (v) Bank charged Rs. 10 for incidental charges. [Ans. Total of Journal Rs. 800.]?.
Pass journal entries in the books of santosh for the following: (i) Received @ 75 paisa in a rupee from a debtor of Rs. 500. (ii) Goods of Rs. 200 destroyed by fire. (iii) Allowed discount of Rs. 15 to Dinesh. (iv) Received commission of Rs. 75 from Manoj. (v) Bank charged Rs. 10 for incidental charges. [Ans. Total of Journal Rs. 800.]? for Class 11 2024 is part of Class 11 preparation. The Question and answers have been prepared according to the Class 11 exam syllabus. Information about Pass journal entries in the books of santosh for the following: (i) Received @ 75 paisa in a rupee from a debtor of Rs. 500. (ii) Goods of Rs. 200 destroyed by fire. (iii) Allowed discount of Rs. 15 to Dinesh. (iv) Received commission of Rs. 75 from Manoj. (v) Bank charged Rs. 10 for incidental charges. [Ans. Total of Journal Rs. 800.]? covers all topics & solutions for Class 11 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Pass journal entries in the books of santosh for the following: (i) Received @ 75 paisa in a rupee from a debtor of Rs. 500. (ii) Goods of Rs. 200 destroyed by fire. (iii) Allowed discount of Rs. 15 to Dinesh. (iv) Received commission of Rs. 75 from Manoj. (v) Bank charged Rs. 10 for incidental charges. [Ans. Total of Journal Rs. 800.]?.
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Pass journal entries in the books of santosh for the following: (i) Received @ 75 paisa in a rupee from a debtor of Rs. 500. (ii) Goods of Rs. 200 destroyed by fire. (iii) Allowed discount of Rs. 15 to Dinesh. (iv) Received commission of Rs. 75 from Manoj. (v) Bank charged Rs. 10 for incidental charges. [Ans. Total of Journal Rs. 800.]?, a detailed solution for Pass journal entries in the books of santosh for the following: (i) Received @ 75 paisa in a rupee from a debtor of Rs. 500. (ii) Goods of Rs. 200 destroyed by fire. (iii) Allowed discount of Rs. 15 to Dinesh. (iv) Received commission of Rs. 75 from Manoj. (v) Bank charged Rs. 10 for incidental charges. [Ans. Total of Journal Rs. 800.]? has been provided alongside types of Pass journal entries in the books of santosh for the following: (i) Received @ 75 paisa in a rupee from a debtor of Rs. 500. (ii) Goods of Rs. 200 destroyed by fire. (iii) Allowed discount of Rs. 15 to Dinesh. (iv) Received commission of Rs. 75 from Manoj. (v) Bank charged Rs. 10 for incidental charges. [Ans. Total of Journal Rs. 800.]? theory, EduRev gives you an
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