Question

drawings were 10,000.
31. Journalise the following transactions :
(1) Goods worth 500 destroyed by fire.
(ü) Paid 2,500 in cash as wages on installation of machinery.
(i) Issued a cheque of 7,500 in favour of M/s Parmatma Saran & Sons on account of
purchase of goods.
(iv) Goods costing : 6,000 sold to M/s Kalu Sons at invoice price 10% above cost less 5% trade discount.
Ans. * 16,770]​

Answer 1

Answer:

drawings were 10,000.

31. Journalise the following transactions :

(1) Goods worth 500 destroyed by fire.

(ü) Paid 2,500 in cash as wages on installation of machinery.

(i) Issued a cheque of 7,500 in favour of M/s Parmatma Saran & Sons on account of

purchase of goods.

(iv) Goods costing : 6,000 sold to M/s Kalu Sons at invoice price 10% above cost less 5% trade discount.

Ans. * 16,770]