Question

14. Journalise the following transactions in the books of M/s Kamla Bros.:
8
(0)
Received cash from M/s Zero Enterprises whose account was written off last
year as bad debt
Rs 5,000
(11)
Goods costing Rs 500 (Sale price Rs 750) given as charity.
Rent due to landlord Rs 8,000
(iv)
Sold the personal car and invested the amount in business Rs 80,000
(v)
Sahil became insolvent. Compensation of 75 paise in a rupee was received
from his official Receiver, He owed us Rs 10,000.
(vi)
Paid Life Insurance Premium of proprietor by Bank Draft Rs 10,000. Paid bank
charges of Rs 100
(vii) Goods uninsured of Rs 30,000(purchase cost) were destroyed by fire.
(viii) Goods used in making Furniture (Sale price Rs 50,000 ; Cost Rs 35,000)​

Answer 1

Answer:

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