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Which part didnt you understand

Sudha Reddy

CA Final

★ 20K+

13-Jul-20 13:54

I didn"t understand the question and also how to write transcations

Thread Starter

Prasanth kumar Kamisetty

CA Inter

★ 12K+

13-Jul-20 13:56

I didn't undeestand the question properly

Thread Starter

Prasanth kumar Kamisetty

CA Inter

★ 12K+

13-Jul-20 13:57

Salaries A/c Dr. 1,00,000 To Purchases A/c 1,00,000 (Being inventory used by employees and charged from salaries, as this amount is included in purchases already) Machinery A/c Dr. 18,000 To Wages paid A/c (Being wages paid for installation is capitalised) Drawings A/c Dr. 1,00,000 To Income Tax A/c (Being amount used for personal expenses charged to capital account as drawings) Purchases A/c Dr. 2,00,000 To Naveen A.c 1,75,000 To Discount received 25,000

Sudha Reddy

CA Final

★ 20K+

13-Jul-20 14:11

Thank you mam

Thread Starter

Prasanth kumar Kamisetty

CA Inter

★ 12K+

13-Jul-20 20:36