Question

Q.26 Journalise the following transactions in the books of M/s. Hari Ram :
) Rahul who owed 15,000 was declared insolvent and 40 paise in a rupee are
received as final compensation.
(ü) Out of Insurance paid this year, * 4,500 is related to next year.
(ii) Provide depreciation @ 10% on furniture costing 72,000 for 9 months.
(iv) Paid customs duty 7,000 in cash on import of a new machinery.
(v) Goods damaged by fire 7,000. They were not insured.
(vi) Goods destroyed by fire worth 20,000 which was insured and insurance company
admitted full claim and amount of claim received.
(vii) Goods destroyed by fire worth 27,000 which was insured and insurance company
accepted claim 20,000 and claim amount received.
(vii) Goods destroyed by fire costing * 35,000 which was insured and no claim wa
admitted by insurance company.
(ix) Goods costing * 3,000 damaged by fire and insurance company admitted th
claim 2,400.
(x) Goods destroyed by fire costing 85,000 of which 80% goods were insured an
70% claim was received from insurance company.​

Answer 1

Answer:

8) profit and loss a/c. Dr

To purchsae a/c

9) Insurance claim a/c. Dr. 2400

profit and loss a/c. Dr. 600

To purchase a/c. 3000

10) Bank a/c. Dr. 59500

insurance claim a/c Dr. 8500

profit and loss a/c. Dr 17000

To purchase a/c. 85000