Question

Journalise the following transactions :
Insurance premium due but not paid 3,500.
(i) Received a V.P.P. for 32,150, sent a peon to collect it and paid 35 for cartage
(in) Purchased a computer for personal use of the proprietor 28,000.
(iv) Paid Rs 2,000 for petrol for car used by the proprietor for office work.
(v) Goods worth 3,000 and Cash 1,000 were stolen.
1 Add file

Answer 1

Answer:

Insurance premium due but not paid 3,500.

(i) Received a V.P.P. for 32,150, sent a peon to collect it