Question

(3) Journalize the following transactions in the Journal proper of Mitraj:

(a)A bill of Rs. 40000 drawn in favour of Mr. Champak.

(b) Purchased furniture of Rs. 60000 against goods of Rs. 50000.

(c)Rs. 12000 received from Puja is wrongly recorded in the books of Tanuja​

Answer 1

Answer:

1. bills receivable ac dr. 40000

To mr Champak ac. 40000

2.furniture ac dr. 60000

To goods ac. 50000

To profit ac. 10000