Question

Journalise the following transactions,
(1) Paid ? 2,500 in cash as wages on installation of a machinery
(2) Issued a cheque in favour of M/s Parmatma Singh Sons on account of purchase of good
worth 77,500
(3) Goods sold costing 16,000 to M/s Kalu & Sons at an invoice price 10% above cost less 5%
trade discount
(4) Goods worth?500 were used by the proprietor for domestic purposes
(5) Goods uninsured worth 3,000 were destroyed by fire​

Answer 1

Answer:

transfer of account cost 7899

Explanation:

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