Question

Q2:- Pass necessary journal entries for following transactions:-

1. Salary due but not paid ₹1500

2. Insurance premium paid includes ₹400 as paid for next year.

3. Paid life insurance policy premium of proprietor ₹2000 and income tax ₹1500.

4. Charge depreciation 10% on plant costing ₹40000

5. Bought goods from Amar for ₹25000 less 20% trade discount.(5
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Answer 1

Answer:

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