Question

(1) Brought cash of rs.5000 stock rs.10000 and furniture rs5000 in the business.(2) Paid salary of rs.2000 and wagesrs.500(3) Goods destroyed by fire rs.2000 insurance co.accepted the claim of rs1000(4) A loan of rs.10000@15% was borrowed from pawan.(5) Received goods of rs.500 as free samples (6) Goods of rs.10000 purchased from Maan@10% trade discount and10% cash discount.​

Answer 1

Answer:

Loss of stock by fire A/c Dr. 3,000

To Purchases A/c 3,000

(Being the goods destroyed by fire).