Question

Journalise the following transactions in the books of Parsha :

Mar. 1 Borrowed 40,000 from Pooja.

Mar. 3 Lent * 30,000 to Megha.

Mar. 5 Repaid + 25,000 to Pooja

Mar. 7 Megha repaid Rs 22,000,

Mar. 9Premium paid for the insurance of goods 4,000.

Mar. 11 Premium paid for the insurance of machinery 25,000

Mar. 13 Premium paid on the life policy of proprietor 6,000.

Mar. 15 Premium paid on the life policy of employees 7,000.
2020
​

Answer 1

Explanation:

The answer is explained in the image.