Question

Journalise the following transactions: 8

i. Deposited cash into bank Rs.80,000.

ii. Paid salary Rs.46,000.

iii. Withdrew from the bank Rs.50,000 for office use.

iv. Withdrew from the bank Rs.30, 000 for private use.

v. Charged interest on capital Rs.1,25,000.

vi. Mahendra became insolvent. Only Rs.30,000 could be realised from him.

vii. Issued a cheque in favour of M/s Karanvir Timber Company on account of

the purchase of timber worth Rs.7,500.

viii. Paid Rs.250 in cash as wages on installation of a machin​

Answer 1

Answer:

solved⤵️

Explanation:

1. 80000 cash deposited in bank
2. 46,000 salary was paid
3. 50,000 withdrewed from bank for office use
4. 30000 withdrewed from bank for private use
5. 1,25,000 is the charged interest on capital
6. Mahendra became Insolvent because , only 30000 could realised from him.
7. M/s Karanvir timber issued a cheque in favor of company on account of the purchase of timber at 7,500.
8. ₹250 paid in cash as wages on the installation of a machine .

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