Question

cash paid for installation of machine ​

Answer 1

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Prepare journal from the transaction given below :

(a) Cash paid for installation of machine Rs. 500

(b) Goods given as charity Rs. 2,000.

(c) Interest change on capital @ 7% p.a when total capital were Rs. 70,000.

(d) Received Rs. 1,200 of a bad debts written off last year.

(e) Goods destroyed by fire Rs. 2000 (I Rent outstanding Rs. 1000

(g) Interest on drawings Rs. 900

(h) Sudhir kumwr who owed me Rs. 3,000 has failed to pay the amount. He pays me a compensation of 45 paisa in a rupee Commission received in advance Rs. 7000Read