Question

journal of the above question ​

Answer 1

Answer :

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Journal Entries :-

① ⏩ Bank Ac Dr..20,000/-

To, Cash Ac Cr..20,000/-

( Being Cash deposited into bank )

② ⏩ Drawing Ac Dr...1000/-

To, Cash Ac Cr...1000/-

( Being cash withdrawal for personal use )

③ ⏩ Cash Ac Dr...3000/-

Cash Ac Dr...3000/- To, Bank Ac Cr...3000/-

( Being Cash withdrawal from bank )

④ ⏩ Bad debts Ac Dr..15000/-

To, Account Payble Ac Cr..15000/-

( Being Amount payble to rqm became bad debt )

⑤ ⏩ Salary Ac Dr...5000/-

To, Cash Ac Cr..5000/-

( Being salary paid to clerk )

⑥ ⏩ Cash Ac Dr....1000/-

To, Interest Ac Cr...1000/-

( Being Interest received on capital )

7) ⏩ Depreciation Ac Dr...20000/-

To, Machinery Ac Cr...20000/-

( Being depreciat machinery by 20000)

⑧ ⏩ Insurance Ac Dr...5000/-

To, Cash Ac Cr...5000/-

( Being insurance paid in advance )

9) ⏩ Cash Ac Dr...18000/-

Bad debts Ac Dr...12000/-

To, Mohan Ac Cr...30000/-

( Being Part payment received, mohan became insolvent )

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Thanks and Good Day! :)

© Sachin BhaleRao!!