Question

Journalise the following transactions (Any Eight):
(a) Paid rent of building 30,000, half of the building is used for residential use.
(b)Paid fire insurance of the above building 2,500.
(c) Salary due to clerk 12,500.
(d) Good distributed as free samples 25,000.
(e) Sold goods costing 50,000 to Aarav for cash at 20% profit on cost less 20% trade
discount.
(f) Paid installation charges for machinery 2,000.
(g) Vishal who owed 5,000 declared insolvent and 60 paise in a rupee are received as
final payment.
(h) Out of insurance paid this year, 33,000 is related to next year.
(i) Paid to Peterson 990 in full settlement of 1,000.
() Provide interest on capital (< 50,000) at 6% for 6 months.

Answer 1

Answer:

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