Question

Pass journal entries for all the above-mentioned transactions.
9. Give journal entries for the following:
(a) Interest, *250, charged by the bank.
(b) Interest, 1600, due but not paid on a loan taken by the firm.,
(c) Goods, worth 15,000 lost by theft; insurance company admits claim in full.
(d) Delivery van repaired at a cost of 6,000.
(e) Cash stolen by the peon, 4,000; insurance company admits claim for 33,500 only.
() Goods, worth 6,000 lost by accident. Insurance company does not admit claim.
(g) Furniture which was purchased for 20,000 on 1st April 2011, is valued at 18,000
on 31st March, 2012*.
(h) Salaries paid to clerks, *2,500.
(1) Received claim for 10,000 from a customer for late supply of goods ; claim
admitted for 6,000
(1) Purchased machinery for 1,50,000 from M/s. Machine Makers ; payment to be
made by monthly instalments of 10,000 each.
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Answer 1

Answer:

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