ou are given following transactions of Sarita for the month of December 2012:
December 10 : Purchased a second hand motorbike for Rs.80,000
December 12 : Purchased two computers costing Rs.40,000 each from Computer Link
December 14 : Borrowed a loan of Rs.55,000 from a finance company
December 16 : An old furniture having book value of Rs.6,000 was sold for Rs.7,000 on credit to Sita
December 18 : Sold a computer having book value of Rs.30,000 at a loss of Rs.5,000
Required: Journal entries in the books of Sarita
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I have written all the journal entries.
Hopefully it will help you.
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