Question

Journalise the following:
(i) Received a V.P.P. from Ram for 20,000. Sent a peon to collect it
*150 as cartage.
(ii) Paid 33,000 for subscribing for newspapers and magazines.
(iii) Received +500 from sale of old newspapers and magazines.
(iv) Received 10,000 from sale of old chairs, tables etc.
(v) Paid interest on loan 6,000.
(vi) Withdrawn goods for personal use 8,000.​

Answer 1

from Operations. Credit Revenue from Operations werewspapers and magazines.jhgc

(iii) Received +500 from sale of old newspapers and magazines.