Question

14. Pass journal entries for the following transactions of Ramesh: (6)
(i) On 1 April, 2020 the following balances were there: Cash in Hand 4,300; Cash at Bank
26,750; Sundry Debtors 74,950; Closing stock 90,000; Machinery 60,000; Sundry
Creditors 56,000; Capital 2,00,000.
(ii) Goods purchased for 5,000 were taken by the proprietor for personal use.
(iii) Sohan is declared insolvent. Received from his official Receiver 60 paise in a rupee on a
debt of 10,000
(iv) Received cash for a bad debt written off last year 700,
(v) Salaries due to staff * 25,000
(vi) Provide 10% depreciation on Machinery costing 50,000.
Your answer​

Answer 1

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