Question

11. Pass journal entries for the following:
(i) Goods uninsured worth 3,000 were destroyed by fire.
(ii) Paid 1,500 for rent to landlord. One third of the premises is occupied by the
proprietor for his own residence.
(ii)Bricks, Cement, etc., for 1,50,000 and Timber for 2,00,000 purchased for the
construction of building. Payment was made by cheque.
(iv) Sold goods of the list price of 50,000 to Ajay at 20% Trade Discount and 2%
Cash Discount and received 50% by cheque.
(v) Goods valued 2,500 were distributed from stock as free samples.
(vi) Paid income tax 5,000.
(vii) Provide interest on capital of 15,00,000 at 6% p.a. for nine months.
(viii) Rahul who owed us 20,000 becomes insolvent and a final dividend of 60 paise
in a rupee is received from his estate.​

Answer 1

Answer:

i) Bought goods from Geeta for Rs. 25,000 at a trade discount of ... ( iii) Paid to landlord Rs. 18,000 for rent. One- third of the building is occupied by the

Answer 2

Answer:lose of stock by fire A/C Dr.

To purchase A/C

Explanation:as goods are destroy by fire so it means that there is decrease in our assets and as we know asset is always debit so lose of stock by fire is debit and the stock which we lose, first we have purchased them then only they get destroyed so our purchase will be credited.