Journalise the following transactions :
I. Provide depreciation @ 10% on furniture costing ₹ 10,000 for 9 months.
II. Paid ₹ 2,500 in cash as wages on installation of a machinery.
III. Mahesh who owned ₹ 5,000 was declared insolvent and 60 paise in a rupee were
received
as final compensation.
IV. Out of insurance paid this year, ₹ 3,000 is related to the next year
V. Received cash ₹ 500 from a bad debt written off last year
VI. Interest charged on drawings @ 5% when total drawings were ₹ 10,000
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Journalise the following transactions :
I. Provide depreciation @ 10% on furniture costing ₹ 10,000 for 9 months.
II. Paid ₹ 2,500 in cash as wages on installation of a machinery.
III. Mahesh who owned ₹ 5,000 was declared insolvent and 60 paise in a rupee were
received
as final compensation.
IV. Out of insurance paid this year, ₹ 3,000 is related to the next year
V. Received cash ₹ 500 from a bad debt written off last year
VI. Interest charged on drawings @ 5% when total drawings were ₹ 10,000
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