pass the journal entries
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. Drawings a/c dr 30,000
To cash 20,000
To purchases 10,000
( being cash of rs. 20,000 and goods worth rs. 10,000 withdrawn by proprietor)
. Goods distributed for charity a/c dr 50,000
To purchases 50,000
. Goods distribute as free sample a/c dr.25,000
To purchases 25000
. Cost embezzlement a/c dr. 70,000
To cash 20,000
To purchases 50,000
. Loss by fire a/c dr. 40,000
insurance claim receives a/c dr. 60,000
To goods destroy by fire 1,000,00
Explanation:
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