Question

(1) Paid interest on loan Rs. 5000.
(2) Paid to landlord by cheque Rs. 30,000 for rent one-third of the building occupied by the
proprietor for residential use.
(3) Akash who owed me Rs. 30,000 has failed to pay the amount. He pays me a compensation of 45
p. is a rupee by cheque.
(4) Interest charged on Capital @ 6% p.a. when total capital was Rs. 6,00,000.
(5) Charge depreication @ 10% p.a. for two months on Machinery costing Rs. 3,00,000
(6) Rs. 5000 due from Rakesh are now bad debts.
(7) Received Rs. 35,000 from Disha on his account for Rs. 40,000.
(8) Supplied goods costing Rs. 6000 to Suman, issued invoice at 10% above cost less 5% trade
discount.
(9) Additional cash introduced by the proprietor Rs. 40,000.
(10) Rent outstanding Rs. 3000,

Answer 1

Explanation:

first 3 transactions..............