Question

24. Journalise the following transactions of Pradeep in his books:
(0) M. Sudarshan owes 2,850 and pays * 2,775 in settlement.
(ii) M/s Agarkar & Co. who owed * 6,000 became insolvent, only 30% of the amount due is realised.
(iii) Received cheque from J. Mohan 5,450. Allowed him discount * 150.
(iv) Withdrew for domestic use * 900.
(v) Issued cheque in favour of M/s Khurshid Ali & Sons on account of the purchase of a machinery of
7,500.
(vi) Paid to Rao & Co. 9,000 on account for 10,000.
(vii) Goods destroyed by fire (Sale Price 4,000, Cost * 3,000).
Subarir Sarkar Kolkata.​

Answer 1

Answer:

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