Question

JOURNAL AND LEDGER 41 Journalise the following transactions in the books of Mr. A: 2016
Oct. 1 Mr. A with an intention to expand his business requested Mr. B to lend him 15,000.
[Hints: It is not a transaction.]
2 Mr. B could spare only 10,000 and paid the amount to Mr. A.
3 Sold for cash goods worth 5,000 less 5% trade discount and opened an account with Allahabad Bank retaining 400 in hand. 5 Mr. D sold to Mr. A goods worth 1,500 half of which was for ready cash.
6 Goods purchased from Mr. D were damaged in transit and a claim for 500 was settled by the Insurance Co.
7 Sold goods for 400 to Mr. S and the amount due was adjusted towards cotton cloth purchased, of equal amount, for home use.
[Hints : Dr. Drawings A/c.]
8 150 were stolen from the cash box and the cashier was held responsible for the same.
(Hints : Dr. Cashier's Personal A/c and Cr. Cash A/c.)​

Answer 1

Answer:

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