Question

Q.7 Journalise the following transactions [4]

a. Goods drawn by proprietor for own use ₹ 1,000.

b. Goods given by charity costing ₹ 501.

c. Goods costing ₹ 300 given as a sample.

d. College fee of proprietor’s son paid ₹ 650.

e. Provide interest on capital (₹ 50,000) at 6% for six months.​

Answer 1

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