Question

Pass journal entries :
1) Sold books and stationary to KP Bros 30,000 and cash 20,000.
2)premium paid for insurance of goods 4000
3) premium paid on life policy of employees 7,000

Answer 1

Hey!!!!

1)
KP Bros a/c Dr 30,000
Cash a/c Dr 20,000
To Sales a/c 50,000

(Being goods sold)

2)

Insurance Premium a/c Dr 4000
To Cash a/c 4000

(Being Insurance Premium paid)

3)

Employees Life Policy Premium a/c 7000
To Cash a/c 7000

(Being Employees Life Policy Premium paid)

Hope this helps ✌️