Question

Journalise the following transactions: (a) Bought goods from Arun for ₹2,00,000 at a trade discount of 15% and cash discount of 2%. Paid 80% amount immediately. (b) Purchased goods for ₹20,000 from X and supplied it to Y for ₹26,000. (c) Cash withdrawn from bank ₹5,000 for personal use and ₹25,000 paid for office use (d) Goods destroyed by fire: Cost Price ₹40,000 (e) Provide 20% depreciation on machinery costing ₹50,000 (f) Out of insurance paid this year, ₹3,000 is related to next year. (g) Allow ₹5.000 as interest on capital and charge ₹1,000 as interest on drawings (h) Sohan who owed us ₹25,000 was declared insolvent and a cheque of 40 paise in a ₹ is received from him in full settlement. (i) Paid Income Tax ₹10,000 by cheque. (j) Salary paid ₹80,000 and Salary Outstanding ₹20,000

Answer 1

sorry idk D

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