Question

pass necessary journal entries for the following transactions 2020 April 1 goods withdrawn by owner of rs 1,000 for personal use.april 2 goods distributed as sample rs500.april 3 goods given as charity rs 300.april 4 timber used for making office furniture rs 5,000 (assume that the firm is a timber merchant). April 5 goods destroyed by fire rs 3,500. April 6 goods lost in transit rs 2,000​

Answer 1

Answer:

1.drawing Dr

to purchase a/c

2.advertisement ..Dr

to purchase ac

3.charity ...Dr

to purchase a/c

4.furniture ..Dr

to cash a/c

5goods destroy by fire ...Dr

to purchase

6goods lost in transit ..Dr

to purchase ..

Answer 2

Answer:

drawings dr 1000

To Cash 1000

Sample dr 500

To purchases 500

charity dr 300

To purchases 300

idk the timber

loss of stock by fire dr 3,500

To purchases

idk the transit