Question

24) Journalize the following transactions in the books of Raghav Trading Company:
(i) Commenced Business with cash 200000/-, Machinery 50000/- Amit (Dr.) 40000/- and
Rahim (Cr.) 20000/-.
(ii) Purchased goods worth 40000/- from Mohan Trading Co. for cash at 10% Trade Discount.
(iii) Sold Goods to Mohit costing 20000/- at 15% above cost.
(iv) Received * 39000/- * from Amit in full settlement.
(v) Paid college fees of son 3 2000/-
(vi) Krishan Kumar who owed 5000 got insolvent. Only 40 paisa in a rupee could be recovered from him.
(vii) Goods worth * 1000/- were used for domestic purpose.
(viii) Provide interest on capital at 10% for 8 months.​

Answer 1

Answer:

pls write the narration by your self and sorry for handwriting