Question

April
April
2020
April
Mohan is declared insolvent. Received first and final dividend from his official Receiver 50 palse
in a rupee against a debt of 5,000
April
2/8,000 due from Ramesh is not recoverable
April
3 Shyam, who owed 15,000 became insolvent and 50% is received from his estate
April
4 Received 10,000 in cash from Sohan for bad debts written off last year
Apni
Apr
AP
Ар
A
₹
30,000
10,000
7,000
Banking Transactions
6. Pass necessary Journal entries for the following transactions:
2020
April 1 Deposited in bank
April
3 Cash withdrawn from bank.
April 7 Wages paid by cheque
April 10 Cheque received from Deewan 8,500 and discount allowed to him * 500. Cheque is deposited in
bank on the same day.
April 12 As per standing instructions, Bank paid Telephone bill
April 14 Deewan's cheque returned by the bank as dishonoured.
April 16 Charges debited by bank
April 17 Goods sold and sale proceeds deposited in bank
April 19 Bank has paid insurance premium as per our standing instructions
April 25 Dividend collected by Bank
1,000
400
8,000
1,800
2.500
7. Pass the necessary Journal entries for the following transactions:
320
anil 1 Deposited in bank for opening a Current Account
10,000
5.000​

Answer 1

Answer:

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Answer 2

1:- cash dr 2500

bad debt dr 2500

to mohan 5000

2:- bad debt dr 8000

to mahesh 8000

3:- cash dr 7500

bad debt dr 7500

to shyam 15000

4:-cash dr 10000

to bad debt recovered 10000