Journalize the following transactions in the books of Reveena:
2019:
July 1: Purchased goods from Raman ₹ 40,000 at 10% trade discount and 2% cash discount.
Half of the payment was made immediately.
July 5: Received commission of ₹ 15,000 by cheque, half of which is in advance.
July 8: Shanti who owed ₹ 42,000 is declared insolvent. Only 70 paise could be recovered
from her estate.
July 14: Goods costing ₹ 12,000 damaged by fire and insurance company accepted claim of
₹10,000 and cheque is received from the insurance company.
July 18: Paid Life insurance premium of Reveena through cheque ₹ 5,000.
July 21: Suresh, who owed ₹ 5,000 paid the amount by bank draft in full settlement of his
account, by availing 3% cash discount.
July 23: Purchased new machinery from M/s Saurav Machinery Stores on credit ₹7,000, paid
freight ₹ 500 and installation charges ₹ 700.
July 27: Good costing ₹ 800 given as charity (sales price ₹ 900).
Answers
Answered by
1
It is too long question.
Answered by
0
Answer:
glljtjtlthkyrkryituhffugjtjhtrythdggdtetuyinghfrytuuohffhryyivjvh
Similar questions