Question

(a)Goods worth Rs. 500 were withdrawn personal use b) Goods worth Rs 1000 were given away as charity (c) Goods worth Rs. 2000 were stolen by an employee (d) Goods worth Rs 5000 were destroyed by fire. (c) Goods worth Rs. 3500 were distributed as free samples

Answer 1

(a) Drawings A/C. Dr. Rs 500

To Purchases A/C. Rs.500

(Being goods drawn for personal use)

(b) Charity A/C. Dr. Rs.1000

To Purchases A/C. Rs.1000

(Being goods given as charity)

(c) Loss of Goods A/C. Dr. Rs 2000

To Purchases A/C. Rs.2000

(Being goods stolen by employee)

(d) goods lost by fire A/C. Dr. Rs.5000

To Purchases A/C. Rs.5000

(Being goods lost by fire)

(e) Advertisement Expenses A/C. Dr. Rs. 3500

To Purchases A/C. Rs.3500

(Being goods distributed as free samples)

Answer 2

Hey mate ✌️✌️


A) Drawing A/c.................Dr..500
........To cash A/c


B) Charity A/c..................Dr..1000
.......To purchase A/c...1000


C)Loss of Goods A/c........................Dr..2000
.........To purchase A/c....2000


D)Loss by fire A/c...........................Dr...5000
.........To Purchase A/c.....5000

E) Promotion Expense A/c...........Dr....3500
........To purchase A/c...3500



✨ Hope this helps you ✨