Question

3. Goods worth $25,000 and cash 40,000 were taken away by the proprietor for his
personal use.
4. Goods worth 520,000 and cash 5,000 were given away as charity.
5. Cash 1,00,000 was stolen from the Iron Safe of the trader.
[Ans. Total 32,78,000.]
Q. 19. Journalise the following transactions :
(i) Sold goods to Brijesh of the list price of 10,000 at trade discount of 5%. Received
full payment in cash.
(ü) Goods given away as charity 1,000.
(iii) Charge interest on capital of 5,00,000 @ 7% p.a.
(iv) Outstanding wages 13,000.
(v) *5,000 due from Sunny are now bad debts.
(vi) 50,000 cash sales (of goods costing 40,000).
[Ans. Total 1,03,500]
K. 20. Prepare journal from the transactions given below:-
(a) Proprietor withdrew for private use 10,000 from bank.
(6) Goods costing 50,000 were burnt by fire.
Purchased machinery for cash 1,50,000 and paid 2,000 on its installation,​

Answer 1

Answer:

3) drawing a/c dr

to cash a/c

to stock a/c