Question

17. Pass Journal entries for the following transactions in the books of Satyam
Old newspapers sold
125
Old furniture sold
*1,000
Paid for Life Insurance Premium (self 3 1,500
(ii) Bought a Table Fan for 3 1,000 for domestic use.
(iv) Goods sold for cash to a customer for * 10,000 and collected 8% GST on it.
Purchased goods from Amit for 6,000 and the payment was made by cheque.
(vi) Sold 1/3rd of the above goods at a profit of 25% on cost.
(Ans. Total 3 22,925)
18 Pass Journal Entries for the following transactions :
lour TY for house 3 15.000ko ​

Answer 1

Explanation:

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