Question

Enter the following transactions in Journal Proper of Krishna Traders:-
March 15 Gupta who owed us 15000 was declared bankrupt. Only 60% amount could be recovered
from his estate.
March 18 Proprietor withdrew for personal use cash25000 and goods worth 6000.
March 20 Paid 18050 to Chunni Lal after deducting 5% cash discount from the amount due to him.​

Answer 1

Answer:

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