Question

journalise the following transaction. 1 goods destroy by fire 16000. 2 cash deposit into bank 40000 3 goods worth 300 withdraw by business person for personal use​

Answer 1

Answer:

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Answer 2

Answer:

1. loss by fire a/c ....dr 16,000

To purchase a/c 16,000

2. bank a/c...dr 40,000

To cash a/c 40,000

3. drawings a/c.....dr 300

To cash a/c 300