mr ashish opened a business on january 1 ,2014. Record the following transaction into journal of mr. ashish.
jan 1,2014 goods worth rs 5000 destroyed by fire , isuramce company paid only 40% amount only.
jan 7,2014 sold goods to suresh for rs 30000
jan 12,2014 suresh becomes insolvent and paid only 75%
jan 25, 2014 salries of rs 6000 are outstanding
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loss
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