Pass the following entries
1. Telephone Bill Received from Bharti Airtel Rs 2500 on 14 August. Amt paid by Cheque on 17 August
View answer
On 14 th August
Telephone Expense Dr 2500
To Bharti Airtel a/c 2500
On 17 th August
Bharti Airtel a/c Dr 2500
To Bank a/c 2500
2.Professional Service Bill received from CA Amit Aggarwal Rs 10000.Amount not yet paid
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Professional Expenses Dr 10000
To CA Amit Aggarwal a/c 10000
3.The company entered into contract with Maxwell and Co to provide technical service of Rs 200000 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
Maxwell and Co. a/c Dr 40000
To Bank a/c 40000
On 28 th Jan
Technical expenses Dr 200000
To Maxwell And Co. a/c 200000
On 29 th Jan
Maxwell and Co. a/c Dr 160000
To Bank a/c 160000
4.Pizza for employees spent by Miss Nisha for Rs 500 from HR Department and then claimed out of petty cash
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Staff Welfare Expenses Dr 500
To Nisha a/c 500
Nisha a/c Dr 500
To Cash a/c 500
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 Rahul,an Admin Executive took advance of Rs 500 for purchase of items for office toilet He purchased items for Rs 350 as per bill submitted to him of Ghai Store and duly returned balance Rs 150.
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Rahul Imprest a/c Dr 500
To Cash a/c 500
Office Expense a/c Dr 350
To Rahul Imprest a/c 350
Cash a/c Dr 150
To Rahul Imprest a/c 150
7.Goods purchased
AK Trading Co
Item A 20000 Kg @ 10/kg 200000
Item B 50000 Kg @ 8/kg 400000
Total 600000
Amount paid by RTGS
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At the time of purchases
Purchases (Item A) a/c Dr 600000
To Ak Trading Co. a/c 600000
At the time of payment
Ak Trading Co. a/c Dr 600000
To Bank a/c 600000
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
10. Cash Introduced As Share Capital 20 Lacs
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Cash A/C Dr. 20 lacs
To Share Capital 20 lacs
11. Cash Deposit In Bank 18 Lacs
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Bank A/C Dr. 18 lacs
To Cash 18 lacs
12. Sales Made To A Ltd Of 8 Lacs (40000 Kg*20 Each)
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A LTD. A/C Dr. 800000
To Sales 800000
13. Cash Sales Made 1 Lacs
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Cash A/C Dr. 1 lacs
To Sales 1 lacs