Pass the following transaction in the
journal proper of Balbir traders.
1. Purchased a machinery for 6 lakh
on credit. Rs 1,00,00 was paid in
cash for balance acceptance of two
months was given.
2. Goods worth Rs 3,000 and cash Rs
5,000 given in charity.
3. A bills receivable of Rs 6,000 from
Suresh endorsed to Shashikant in full
settlement of 6,500.
4. Burman who owed us
Rs 12,000 become insolvent and 35
paise in a rupee recovered from him.
Non-anonymous question )
Points)
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Answer:
machinery. dr. 600000
To cash account. 100000
To bills payable. 500000
charity account. dr 8000
To cash account. 3000
To purchase account. 5000
shashikant. dr. 6500
To bills receivable. 6000
To discount received. 500
cash acc. dr 4200
bad debt. dr. 7800
To Burman. 12000
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