Pass the following entries
1. Internet Bill Received from Reliance JIO Rs 3200 on 14 January. Amt paid by Cheque on 17 January
View answer
On 14 th January
Internet Expense Dr 3200
To Reliance JIO a/c 3200
On 17 th January
Reliance JIO a/c Dr 3200
To Bank a/c 3200
2.Professional Service Bill received from CA Raghav Jain Rs 15000.Amount not yet paid
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Professional Expenses Dr 15000
To CA Raghav Jain a/c 15000
3.The company entered into contract with Infotech Pvt Ltd to provide technical service of Rs 250000 on 20 Jan. As per terms, Rs 40000 was paid in advance ON 22 Jan. Maxwell completed its work and sent its bill for technical service of Rs 200000 on 28 Jan and Balance was paid on 29 Jan
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On 22 nd Jan
Infotech Pvt Ltd a/c Dr 40000
To Bank a/c 40000
On 28 th Jan
Technical expenses Dr 250000
To IInfotech Pvt Ltd. a/c 250000
On 29 th Jan
Infotech Pvt Ltd a/c Dr 160000
To Bank a/c 160000
4.Burger for employees spent by Miss Nisha for Rs 700 from HR Department and then claimed out of petty cash
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Staff Welfare Expenses Dr 700
To Nisha a/c 700
Nisha a/c Dr 700
To Cash a/c 700
5.Mr Sanjeev Kumar a Sales Manager went on official tour and took Rs 10000 cheque as advance for expense to be incurred After coming back from tour ,MrSanjeev submitted an expense report claiming expense incurred as follows
| Name Of Expense | Amt Spent | Amt Allowed as per Company Policy |
| Taxi | 15000 | 10000 |
| Hotel | 10000 | 8000 |
| Sight Seeing | 5000 | 0 |
| Total | 30000 | 18000 |
Balance amount as per Company policy was paid to him by transfer to bank account
View answer
Sanjeev a/c Dr 10000
To Bank a/c 10000
Tour and Travel Exp Dr 18000
To Sanjeev a/c 18000
Sanjeev a/c Dr 8000
To Bank a/c 8000
6.Mr Rachit,an Admin Executive took advance of Rs 800 for purchase of items for office toilet He purchased items for Rs 650 as per bill submitted to him of Ghai Store and duly returned balance Rs 450.
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Rachit Imprest a/c Dr 800
To Cash a/c 800
Office Expense a/c Dr 650
To Rachit Imprest a/c 650
Cash a/c Dr 450
To Rahul Imprest a/c 450
7.Goods purchased
AK Trading Co
Item A 20000 Kg @ 10/kg 300000
Item B 50000 Kg @ 8/kg 500000
Total 800000
Amount paid by RTGS
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At the time of purchases
Purchases (Item A) a/c Dr 800000
To Ak Trading Co. a/c 800000
At the time of payment
Ak Trading Co. a/c Dr 800000
To Bank a/c 800000
8.Stationary Purchased
Gupta Stationary
Office files 500 pcs*12=6000
Pen 20 pcs*15=300
Total 6300
Amount paid by cash
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Office Stationery a/c Dr 6300
To Cash a/c 6300
9.Office taken on rent from Ansal Properties @ Rs 15000 p.m.
One month rent and 2 month security deposit given by cheque
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Rent Due
Rent Expense a/c Dr 15000
To Ansal Properties a/c 15000
Security Deposit Due
Security Deposit a/c Dr 30000
To Ansal Properties a/c 30000
At the time of payment
Ansal Properties a/c Dr 45000
To Bank a/c 45000