Question

13. Journalise the following transactions in the Journal of Sh. Navin Gupta:-

a. Out of Insurance premium paid this year, Rs.1500 is related to next year.

b. Credit purchase from Ram & Co. for Rs.5000. Cash discount will be received at 5% on payment of bill

within 10 days.

c. Cash paid to Ram & Co. and discount availed of

d. Paid Income tax Rs.2000.

e. Goods costing Rs.20,000 sold for cash at a profit of 10%.

f. Purchased iron safe for Rs.20,000, filing cabinet for Rs.5000 and typewriter for Rs.10,000.​

Answer 1

Answer:

the option c is correct answer i

Explanation:

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