Question

19 Pass Journal Entries for the following:
a) Bought goods from Mr. Ranjeet Patel for cash-list price Rs.2000 at 10% trade discount, 2% cash
discount
b) Paid by cheque Rs 3200 from business as electric bill, 1/4 of the bill is related to the residential house
of the owner
c) Charge interest on capital @8% pa on a capital of Rs 200000 for half year.
d) Purchase an old building for business at Rs 120000, Materials of Rs.40000 and wages of Rs 10000
are incurred to make it usable.​

Answer 1

Answer:

charge interest on capital @8 pa on a capital of rs 200000for half year