Question

a25. Journalise the following Transactions:
1) Goods for Rs 20000 and Furniture Rs 10000 destroyed by fire.
2) Received from saleman Rs 60000 for goods sold by him after deducting his travelling expenses Rs 4000.
3) Sold goods to vishal costing Rs 60000 at a profit of 25% and allowed him 10% trade discount and paid
cartage Rs 1000 to be charged from him.
4) Provide interest on capital of Rs 2000000 at 6% p.a. for 9 months.​

Answer 1

Explanation:

1) lost by fire a/c Dr.20000

to purchase a/c.20000

lost by fire a/c Dr. 10000

to furniture a/c100000