April 30 Bank charges debileu uy valih.
April 30 Goods sold for cash 7,000 and half of the sale proceeds deposited in bank
Transactions Relating to Goods
8. Pass necessary Journal entries for the following transactions:
2020
april 1 Goods withdrawn by owner of 1,000 for personal use.
pril
2 Goods distributed as sample...
pril
3 Goods Given as Charity
pril
4 Timber used for making office furniture 5,000 (Assume that the firm is a timber merchant)
5 Goods destroyed by fire
pril 6 Goods lost in transit....
Answers
Answer:
Explanation:
8)
a) Drawings a/c Dr 1000
to Purchases a/c 1000
___________________________________________________________
b) Advertisement a/c Dr
to purchases a/c
___________________________________________________________
c) Charity a/c Dr
to Purchases a/c
___________________________________________________________
d) Furniture a/c Dr
to purchases a/c
___________________________________________________________
e) Loss by fire a/c Dr
to purchases a/c
___________________________________________________________
f) Loss in transit a/c Dr
to purchases a/c