plz help its urgent
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i hope that it is helpful for u
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Answered by
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1. Drawings A/c Dr 2000
To Purchases A/c 2000
2. Bad Debts A/c. Dr 8000
To Raghav A/c. 8000
3. Profit & Loss A/c Dr 4000
To Purchases A/c 4000
4. Cash/ Bank A/c Dr 20000
To Sales A/c 20000
Explanation:
4. Alternately
Cash/ Bank A/c Dr 20000
To Sales A/c. 15000
To Profit A/c. 5000. (15000x33.33%)
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