COMPLETE THE JOURNAL BEFORE TIME RUNS OUT
LEARN THE LOGIC
Why this journal entry works
Paid miscellaneous office expenses of ₹33,100.00 in cash.
Office expense paid.
Correct treatment and reasoning:
Debit Office Expenses A/c ₹33,100.00. An expense is being recognised or increased, so it is debited. Post it to Profit & Loss A/c — Debit side.
Credit Cash A/c ₹33,100.00. The asset decreases, and decreases in assets are credited. Post it to Balance Sheet — Assets side.
Check: total debits must equal total credits. The POST code is T for Trading A/c, P/L for Profit & Loss A/c, and BS for Balance Sheet.
Correct journal for reference
Dr
Office Expenses A/c
₹33,100.00
P/L
Cr
Cash A/c
₹33,100.00
BS
ANSWER PREVIEW
How this question is posted
This reveals the correct final-account placement for the current transaction.
FINAL ACCOUNT
Trading A/c
DR
Debit
CR
Credit
FINAL ACCOUNT
Profit & Loss A/c
DR
CR
Incomes
FINAL ACCOUNT
Balance Sheet
ASSETS
LIAB. / EQ.
Liability / Equity
TIME REMAINING