Question

Journalise the following entries​

Answer 1

Explanation:

Journalise the following entries: <br> (i) Goods costing Rs. 500 given as charity. <br> (ii) Sold goods to Mayank of Rs. 1,00,000, payableby cheque at the time of sale and balance after 30 days of sale. <br> (iii) Received Rs. 975 from Harikrishna in full settliment of his account of Rs. 1,000. <br> (iv) Received a first and final dividend of 60 paise in a rupee from the Official Receiver of Rajan, who owed us Rs. 1,000. <br> (v) Charge interest on Drawings Rs. 1,500. <br> (vi) Sold goods costing Rs. 40,000 to Anil for cash at a profit ofon cost lesstrade discount and paid cartage Rs. 100, which is not to be charged from customer.

Answer 2

Answer:

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