Question

Journalise the following transactions:

Goods worth Rs.500 were used by the proprietor for domesic purposes.

Goods uninsured worth Rs. 3,000 were destroyed by fire

Paid Rs.250  as wages on installation of a new machine.

Supplied goods costing Rs.600 to Mohan issued at 10% above cost less 5% trade discount.           



plsssssss answer​

Answer 1

Answer:

Drawings A/c. Dr. 500

To Purchases A/c. 500

Loss by fire Dr. 3,000

To Purchases A/c 3,000

Mohan A/c. Dr. 627

To Sales A/c. 627