Question

1 Pass Journal entries for the following transactions :
1) Bought goods of list price ₹ 50,000 less 10% t.d. and 2% cash discount from Neha. Paid 30% by cash and 40% by cheque.
2) Bought 10 shares of wipro ltd. for ₹ 40,000 and paid brokerage @ 1%. Payment is made by cheque.
3) Allowed interest on Capital @8% which was ₹ 50,000.
4) Bought second hand machinery from Gopal for ₹ 25,000. Spent ₹ 4,000 on its repair and ₹ 1,000 towards installation.
5) Insurance premium paid ₹6000 for one year started from 1st Aug. Our year ended 31st march.
6) Rent receivable ₹ 2,000.

Answer 1

Answer:

""*""" Mary Christmas dear ""*""

Explanation:

"" pls like and mark as as a brainlist brainlist ""