Question

Journalise the following entries:
00) Goods worth Rs 500 given as charity
6) Sold goods to Mayank of Rs 1,00,000, payable 25% by cheque at the time of sale and
balance after 30 days of sale
(1) Received Rs 975 from Hankrishna in full settlement of his account for 1.000
flv) Charged depreciation on plant Rs 1,000
M Sold goods costing Rs 40000 to Anil for cash at a profit of 25% on cost.​

Answer 1

Answer:

(i) Goods worth ₹ 500 given as charity. (ii) Sold goods to Mayank of ₹ 1,00,000, payable 25% by cheque at the time of sale and balance after 30 days of sale. (iii) Received ₹ 975 from Harikrishna in full settlement of his account for 1,000.Feb 18, 2020