Question

Journalise the following transactions in the books of Harpreet and open all the ledger

accounts.

a) Rs. 1,000 due from Rohit are now bad-debts.

b) Goods worth Rs. 2,000 were used by the proprietor for his personal use.

c) Charge depreciation @ 10% p.a. for two months on machine costing Rs. 30,000.

d) Rahul who owed Rs. 2,000 became insolvent. A final dividend of 60 paise in a

rupee is received from his estate.

Answer 1

1. Bad debts a/c Dr. 1000
to rohit a/c 1000 2. Drawing a/c Dr. 2000
to purchase a/c 2000
3. Depreciation a/c Dr. 500
to machinery a/c 500
4. Cash a/c Dr. 1200
Bad debts a/c Dr. 800
to Rahul a/c 2000

Answer 2

Answer:

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