Journalise the following transactions
i) Goods purchased for Rs.500 mere used by the proprietor for domestic
purposes.
ii) Goods uninsured of Rs.3000 (Purchase cost) were destroyed fire.
iii) Goods worth Rs.1000 (Purchase cost) damaged by fire and insurance
company accepted claim of Rs.800 and cheque is received from the insurance
company. .
iv) Goods costing RS.500 give as charity (sales price RS.600T
v) Paid landlord Rs. 1500 for rent in advance.
vi) Interest due but not received Rs.4,000.
Answers
Answer:
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Explanation:
Drawings a/c ---- Dr. 500
To purchases a/c 500
--------------------------
Loss of stock by fire A/c ----- Dr. 3,000
To Purchases A/c 3,000
--------------------------
Loss by fire A/c ---- Dr. 1000
To Purchases A/c 1000
Purchases A/c ----- Dr. 800
To Bank A/c 800
--------------------------
Charity A/c ---- Dr. 500
To Purchases A/c 500
--------------------------
Rent A/c ---- Dr. 1000
To cash/bank A/c 1000
--------------------------
Accrued interest A/c ---- Dr. 4000
To interest A/c 4000