Question

ournalise the following transactions: i. Received a first and final dividend of 60 paise in a rupee from the Official Receiver of Rajan, who owed us Rs. 1,000. ii. Purchased goods costing Rs. 60,000 from Akash & Co., paid 50% immediately availing 5% discount​

Answer 1

Answer:

Following transactions of Ramesh for April,2018 are given below. ... (ix) Purchased goods costing ₹ 60,000 from Akash & Co., paid 50% immediately availing .

Explanation:

Correct option is

D

Bad debt A/c be debited with $$Rs. 800

The Journal Entry will be..

Cash a/c Dr. 1200

Bad dept  a/c Dr 800

To Ram a/c.                  2000

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