Question

Q14. Journalise the following transactions:
(i)
Spent Rs 300 for refreshment of a customer.
Paid by cheque Rs 6000 as fire insurance premium for a period of 12 months
Starting 1* July 2017. Financial year closes on 31" March every year.
Received from salesman Rs 60000 for goods sold by him after deducting his
Travelling expenses Rs 4000.​

Answer 1

Answer:

1

date | particular | amount | amount |

1 | Expense a/c. Dr. 300

to cash a/c 300

2 | insurance a/c. Dr 6000

to bank a/c 6000

3. | cash a/c dr 6000

to sale a/c. 6000

4. travelling expenses a/c dr. 4000

to cash a/c. 4000