Question

Journalize the following transaction: (1) Bought 100 shares in Bharat Ltd. @15 per share, brokerage paid ₹30 . 2) Goods costing ₹500 were damaged in transit; a claim was made on the railway authorities for the same. 3) Bought one second hand autorickshaw fot₹50,000 to deliver goods to customers. 4) One month's interest on Mrs Anita's loan @12%p.a. became due but couldn't be paid . Mrs Anita is the creditor of ₹1,00,000 in the business. 5) purchase stationery for personal use₹200 and office use ₹500. 6) The second hand autorickshaw which was bought met with an accident was sold as scrap for ₹7,000

Answer 1

Journalized, what to do now

Answer 2

yes yes yes yes yes yes yes yes