Question

Journalise the following transactions-
(1) Received 9,800 in full settlement from Sohan who owed 10 m
(2) Paid 14.900 in full settlement to Mohan for 15,000 due to t
(3) Withdrew Cash from Bank 7,000 for private use. (4) Paid Fire Insur
Premium 1.200.
(Ans. Total of Journal 33,200, Discount allowed 200 and Discous
received 100)​

Answer 1

Answer:

3) cash a/c dr. 7000

To bank a/c. 7000

4) fire insur premium a/c dr 1200

To cash a/c. 1200

I hope this is help for you