Question

Journalise the following transactions
(i) Goods costing 75,000 were lost by fire. Insurance company accepted and paid claim of
4,000
(ii) Sumit who owed us 34,000 is declared insolvent and paid 40 paise in a rupee.
(i) Paid 8,000 as rent to landlord and received * 2,500 as rent from sub-letting a part
of the building
(iv) Purchased an furniture for 18,000 from Yadav. Paid 2,600 on its repairs and 3 500
on its carriage.
Solutions​

Answer 1

Answer:

*Character sketch of grandfather*

(i) Grandfather was a lover of animals.

(ii) He had put up a zoo is his house where where he had a number of animals and reared them with care and affection.

(iii) He didn't mind spending money on animals and birds.

(iv) He is also very afraid of this wife as whenever he bought a new animal hus wife scold him for that.

(v) He already has a tortoise, a pair of rabbits, and a squirrel when he spends five rupees to buy a baby monkey.

(vi) The baby monkey which he bought was very naughty and wild so he was not be able to the part of his family for a long time.