Question

5.
From the following transactions write journal in the books of Pranjal:
(1) Introduced 10,000 cash and commenced business
(2)
Goods of 5000 purchased on cash
(3)
Goods of 8000 purchased on credit from Rajan
Goods of 2000 given for donation.
(5) Given order to Shivani to dispatch goods of 3000.
(6) Shivani has dispatched the goods as per order.
(7) Paid * 2500 for life insurance premium.​

Answer 1

Answer:

payment of 700 is made from the core