09
Journalize the following transactions in the Books of Jagdish:
1) Mohan Singh was declared insolvent and a sum of Rs 15,000 could not be received.
2) Goods withdrawn from business for personal use costing Rs 3,000 (Sale price Rs 4,000)
3) Goods worth Rs 20,000 lost by fire with CGST and SGST @6% each.
4) Insurance Company accepted a fire insurance claim of Rs 15,000.
Answers
Answered by
3
Answer:
Bad debts A/C Dr 15,000
To Mohan's A/C 15,000
Drawing A/C Dr 3,000
To Purchase A/C 3,000
loss by Fire A/C Dr 20,000
To Purchase A/C 20,000
Bank A/C Dr 15,000
To Insurance Claim 15,000
Similar questions